Do you know that passing away without an estate plan is termed as dying “intestate?” This allows the state of Ohio to make decisions regarding the disbursement of your assets. More importantly, if you have minor children, their guardianship will be decided by the state. Avoid allowing the state of Ohio to make these significant decisions, reach out to a trustworthy estate planning attorney in Hilliard, Ohio.
Jarvis Law Office understands that estate planning isn’t the most comfortable topic, and we make the process as painless as possible. Once our Hilliard estate planning lawyer finishes, you will feel a sense of relief. It’s much easier to face the future when your estate plan is in place.
What’s Involved In An Estate Plan?
Our Hilliard, Ohio, estate planning lawyer will customize your service. Common components include:
- Wills and trusts
- Healthcare directives
- Asset protection
- Powers of attorney
- Living wills
- Guardianship
- Special needs
- Incapacity planning
- Estate tax 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 legal counsel might recommend that you establish both a will and a trust, regardless of your estate’s size. A will gives you the power to dictate your estate’s future after your death, determining asset allocation and care for your minor children. Your will has to be probated before your beneficiaries can acquire your assets. As wills are only enforceable after you die, you can edit or repeal them at any time. Your Hilliard, Ohio, estate planning lawyer can guide you in crafting a new will or updating a pre-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 don’t go through probate, so your assets don’t 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 Hilliard estate and elder care planning attorney can advise you on the type of trust you need, if applicable.
Healthcare Power Of Attorney
Your estate planning attorney based in Hilliard, Ohio, will help you draft a healthcare power of attorney. You’ll be able to choose someone to make decisions on your behalf if you’re unable to do so. This person will step in if you become incapacitated.
It’s advisable to create a healthcare power of attorney now, even if you’re healthy. If something happens, the legal paperwork will already be sorted, saving your family from having to go to court for decision-making authority.
Plus, by establishing the document now, you can nominate decision-makers and beneficiaries. When choosing a decision-maker, pick someone you trust to act in your best interest and respect your choices.
Support Children With Special Needs
Your Hilliard, Ohio, estate planning lawyer can help you look after a child with special needs. Most times, parents create a special needs trust. This way, children with special needs can get financial support and other kinds of help without forfeiting their essential government benefits. There’s a thin line between aiding your child and accidentally making them lose these significant benefits. Consult a Hilliard estate planning lawyer to guarantee your child has sufficient resources for the present and the future.
Asset Protection
Do you wish to protect and maintain your assets for your descendants? Your estate planning and elder care attorneys located in Hilliard, Ohio, can formulate a strategy to protect your assets. This could include the formation of a business entity, the creation of a domestic asset protection trust, or designing a unique strategy to meet your specific asset protection needs. After analyzing your circumstances and discussing your aspirations, the lawyer can recommend the most suitable strategies for progression.
Talk With a Hillard Estate Planning Lawyer
If you are ready to protect your family and reduce stress later, the next step is a quick planning meeting.
With offices in Lancaster, Dublin and St. Clairsville, our team provides hands-on support.
