The SECURE Act passed in 2019 significantly changed how retirement accounts are inherited. The SECURE Act stands for Setting Every Community Up for Retirement Enhancement. Before the SECURE Act, when an individual inherited a retirement account, he or she [...]
In Ohio, probate courts will validate or sometimes invalidate a person’s Will. This process will also fulfill other functions, such as supervising the party named in the Will, known as the executor, to make sure the decedent’s last requests [...]
Estate planning should be an on-going process rather than a one-time transaction. Changes in life and in the law are inevitable, and it is important to keep your estate plan up to date. When you put your estate plan [...]
As our country transitions to a new administration, many legislative changes are likely. The Democrats will have control of both the House and Senate for at least the next two years, giving a boost to the administration’s chances of [...]
What is a health care power of attorney? A health care power of attorney is a legal document used to name someone and give them legal authority to make medical decisions on your behalf if you become unable to [...]
Putting beneficiary designations on assets can be a convenient way to avoid probate at death. There are two types of beneficiary designations: Payable-on-death (POD) designations and Transfer-on-death (TOD) designations. POD designations are typically for checking and savings accounts, money [...]
The need for long-term care continues to grow as the population ages, and so has the cost. The cost for an individual requiring skilled care in a nursing home can easily exceed $90,000 per year. People who require long-term [...]
