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February 2015 Archives

Including a revocable trust in an estate plan

As some New Jersey drivers may know, the National Highway Traffic Safety Administration reported that 421,000 individuals were injured on U.S. roads in 2012 due to distracted driving. The use of cell phones for talking and texting are two of the most common forms of distracted driving. However, other activities also result in car accident injuries and deaths.

Establishing NCP trusts to protect assets in Ohio

A lesser-known type of trust that might be used as a part of a larger estate plan is a non-charitable purpose trust, or NCP trust. These trusts do not have any named beneficiaries but are rather established in order to protect certain assets owned by the family.

Importance of life care planning in Ohio

When you have an elderly loved one or another family member dealing with chronic illness or disability, you most likely want to ensure their health care needs are planned for and addressed in order to provide them with the best quality of life possible. You most likely understand too well the challenges chronic illness and disability can pose.

Learn more about power of attorney in Ohio

As part of an estate plan, it may be worthwhile to give someone power of attorney. In most cases, the power of attorney is valid even if an individual moves to a different state. However, it may be worthwhile to review the laws in the new state as a way for someone to familiarize him or herself with the nuances of that state's statutes.

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