Estate Planning in Columbus, Ohio
Are you aware that if you die without an estate plan, itโs referred to as โintestate?โ Leaving your affairs in this condition allows the state of Ohio to decide what happens to your assets. Even more problematic is that if you have minor children, their guardian will be chosen by the state. Instead of allowing the state of Ohio to make these vital decisions, get in touch with a reputable estate planning attorney in Columbus, Ohio.
Jarvis Law Office understands that estate planning isnโt the most comfortable topic, and we make the process as painless as possible. Once our Columbus estate planning lawyer finishes, you will feel a sense of relief. Itโs much easier to face the future when your estate plan is in place.
Whatโs Involved In An Estate Plan?
Our Columbus, Ohio, estate planning lawyer will customize your service. Common components include:
- Wills
- Trusts
- Healthcare directives
- Powers of attorney
- Living wills
- Guardianship
- Incapacity planning
- Probate administration
Your estate plan will protect you today and in the future. Contact a Columbus estate planning attorney today for more information.
Wills And Trusts
No matter the extent of your estate, itโs likely your lawyer will suggest creating both a will and a trust. A will lets you specify your wishes for your estate upon your death, including asset distribution and guardianship for your underage children. Before your beneficiaries can receive anything, your will needs to go through probate. Wills only take effect after your death, allowing you to change or cancel them whenever you want. Your estate planning lawyer in Columbus, Ohio, can assist you in drafting a new will or revising an existing one.
A trust also lets you choose who will receive your property after you pass away and how they receive their inheritance. Trusts have various benefits, including privacy. Unlike wills, they donโt go through probate, so your assets donโt have to become a matter of public record. Numerous types of trusts serve different purposes, including the ability to protect your assets from the extraordinary cost of long-term care or to shield assets from creditors. Your Columbus estate and elder care planning attorney can advise you on the type of trust you need, if applicable.
Healthcare Power Of Attorney
With the help of your estate planning attorney in Columbus, Ohio, you can draft a healthcare power of attorney. This lets you pick someone who will make decisions on your behalf should you become unable to do so. This person will act for you if youโre incapacitated.
Itโs important to establish a healthcare power of attorney now, even while youโre healthy. That way, if something happens, all legal paperwork will be in place, saving your family from having to turn to the court for decision-making rights.
By creating this document now, you can name decision-makers and beneficiaries. Be sure to choose someone you trust to act in your best interest and honor your wishes when selecting a decision-maker.
Support Children With Special Needs
Your estate planning attorney in Columbus, Ohio, can assist you in providing for a child with special needs. Typically, parents establish a special needs trust. This enables children with special needs to receive financial aid and other support without jeopardizing their access to vital government benefits. Itโs a delicate balance between supporting your child and inadvertently causing them to lose these critical benefits. Seek advice from a Columbus estate planning attorney to make sure your child is well-provided for now and in the future.
Asset Protection
Are you interested in safeguarding your assets for your heirs? Your estate planning and elder care attorneys in Columbus, Ohio, can devise a plan to protect your assets. This could involve establishing a business entity, setting up a domestic asset protection trust, or crafting a personalized strategy that caters to your asset protection requirements. After evaluating your circumstances and understanding your objectives, the lawyer can suggest the most effective strategies for proceeding.