Estate Planning in Dublin, Ohio
If you pass away without the benefit of an estate plan, itโs known as dying โintestate?โ This gives the state of Ohio the ability to determine the distribution of your assets. Worse yet, if you are a parent of young children, the state, not you, will designate their guardian. Rather than letting the state of Ohio make these key decisions, consult a respected estate planning lawyer in Dublin, Ohio.
Jarvis Law Office understands that estate planning isnโt the most comfortable topic, and we make the process as painless as possible. Once our Dublin 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 Dublin, 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 an estate planning attorney today for more information.
Wills And Trusts
Your attorney may advise you to draft both a will and a trust, irrespective of your estateโs size. A will provides a blueprint for your estateโs disposition upon your death, detailing who inherits your assets and who cares for your young children. Probate must validate your will before your heirs can access your assets. Since wills are only operative posthumously, you have the liberty to amend or annul them at any point. Your Dublin, Ohio, estate planning attorney is there to help you draw up a new will or modify a current 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 Dublin estate and elder care planning attorney can advise you on the type of trust you need, if applicable.
Healthcare Power Of Attorney
Your Dublin, Ohio, estate planning attorney is there to help you draft a healthcare power of attorney. This allows you to appoint a person to make decisions for you if you become incapable. In case you become incapacitated, this person will act on your behalf.
Itโs crucial to prepare a healthcare power of attorney now, even if youโre in good health. Then, if something occurs, the legal paperwork will be ready, saving your family the trouble of petitioning the court for decision-making power.
By setting up this document now, you can name your decision-makers and beneficiaries. When selecting someone to make decisions, ensure theyโre someone you trust to act in your best interest and respect your wishes.
Support Children With Special Needs
An estate planning attorney in your area of Dublin, Ohio, can guide you in caring for a child with special needs. Parents often create a special needs trust for this purpose. This allows children with special needs to receive monetary assistance and other forms of help without risking the loss of essential government benefits. Itโs important to strike the right balance between helping your child and unintentionally causing the loss of these crucial benefits. Engage a Dublin estate planning attorney to ensure your child has enough resources both now and later.
Asset Protection
Looking to secure and conserve your assets for future generations? Your estate planning and elder care lawyers in Dublin, Ohio, can create an asset protection strategy tailored to your needs. This might entail forming a business structure, initiating a domestic asset protection trust, or developing a bespoke approach to cover your asset protection necessities. By assessing your situation and discussing your goals, the attorney can propose the optimal strategies for advancement.