Can a revocable trust be changed? Yes—and that’s one of its greatest advantages. A revocable trust gives you flexibility. Your life isn’t static, and your estate plan shouldn’t be either. When circumstances change—whether that means relatio…
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When it comes to estate planning, many people believe that simply creating a living trust will help them avoid probate. While a revocable living trust is a powerful tool, it’s not enough on its own. At Legacy Law Group, we help families in Ohio and…
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At Legacy Law Group, we believe that estate planning is about more than just documents, it’s about protecting your loved ones and preserving what you’ve worked hard to build. One of the most effective tools in modern estate planning is th…
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Estate planning in Ohio often starts with a simple goal: make things easier for your loved ones down the line. But when you dig into the details, you’re quickly met with unfamiliar terms, confusing choices, and a lot of paperwork. One of the most c…
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When a loved one passes, handling their estate can feel overwhelming—especially if you’ve been named as a trustee. In Ohio, knowing how to administer a trust after death comes with real responsibilities, deadlines, and potential pitfalls. It̵…
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Choosing a trustee is one of those decisions that doesn’t seem complicated – until you start thinking about what’s really at stake. You’re not just picking someone to carry out a few instructions. You’re handing someone the legal author…
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When we are sitting with clients discussing how to plan their estates, we are often asked about how to protect assets from the high cost of long term care or from other potential creditors. It’s generally in the context of whether a Revocable Livin…
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If you have a trust and set it up to avoid probate when you pass away, which is a very common goal for estate planning, then you need to watch this video. First, congratulations on getting your trust set up. You’ve taken a great first step for maki…
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That’s a question we hear a lot from people when they meet with us about their estate planning. Some people are very surprised to hear that the answer we give doesn’t strictly depend upon how large their estate is. Instead, the answer dep…
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Download our free “Estate Planning Checklist: The Essential Guide for Making your Best Estate Plan in Ohio.” The checklist walks you through the steps you need to address to have the plan that is right for you and your loved ones.
Put in its most simple terms, estate planning involves putting your affairs in order so as to maximize the benefits that your assets can provide to you during your life and to those you desire to benefit from it after your death. Estate pla… Read More
What Does a Proper Estate Plan Include?
A proper estate plan to provide for the needs of your family may include:
An adequate Will or Trust
A written agreement concerning the status of your assets
If you already have an estate plan, it should not be considered permanent. Conditions, as well as your desires, may change. Estate plans should be reviewed at least every two-three years but, additionally, any important change in your life demands… Read More
What Happens if You Don't Have a Will or Trust?
If you do not have a Will or a Trust and have not used other probate-avoiding techniques, upon your death your assets will pass according to the laws of the state which has jurisdiction over your assets. The “state plan” may not provide for th… Read More
What Other Probate Avoiding Techniques Are There In Addition to Living Trusts?
The following methods are often used to avoid probate: joint tenancy title, community property title, bank account trusts, pay on death accounts, life insurance proceeds, retirement proceeds (IRA’S, TSA’S, 401K’s, etc.), retirement pla… Read More
What Should I Bring to My First Meeting?
People often ask what they should bring with them to their initial estate planning consultation (we call this “the Discovery Meeting”) with one of our attorneys.
As we discuss in Our Planning Process, the Discovery Meeting is our oppor… Read More
I Already Have an Estate Plan. Why Should I Think About Changing It?
We find that many people already have an estate plan, but it does not meet their current planning needs. They may have a Will that was prepared many, many years ago, or they may have a trust that prepared more recently, but those plans may not be… Read More
What Does an Estate Plan Cost?
As you might imagine, we get that question all the time. It is a difficult question to answer because fees are determined by the type of plan we put together, and that is determined by your goals, objectives and asset mix. The planning fees can ra… Read More
How Much of an Estate Do I Need to Have In Order to Set Up a Trust?
There is no “bright line rule” for determining whether a person needs a trust as a part of their planning. The answer for any particular person will depend on their own planning needs and planning goals.