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August 2015 Archives

Why young adults in Ohio need an estate plan

People who are younger often put off estate planning, if they think of it at all, for when they are older. Many assume that it is something that is only a concern when someone is nearing death. However, younger people can pass away unexpectedly, and having an estate plan in place can help ensure that their wishes are known and followed.

Trusts and estate planning

For many attorneys, especially those with a more affluent clientele, trusts are a key part of estate planning. Trusts have the benefit of allowing individuals to pass along property to heirs over a period of time, and they also allow people to assign a trusted individual to manage how assets are doled out. If an Ohio resident has minor children or is worried about how heirs will handle their assets, this can be very helpful.

Estate planning for same-sex couples

Ohio residents who are either already married to a same-sex spouse or are planning on doing so may want to think about what the Supreme Court's decision legalizing same-sex marriage means from an estate planning perspective. Before the decision, same-sex couples did not enjoy the same inheritance rights and tax exemptions enjoyed by heterosexual married couples, but now they should.

Estate planning questions after Bobbi Kristina Brown's death

Many Ohio residents likely have heard about the death of singer Whitney Houston's daughter Bobbi Kristina Brown. The 22-year-old died on July 26, six months after she was found unconscious in her bathtub. Now, Bobbi Kristina's death has sparked a discussion about what will happen to the fortune that she had inherited from her late mother.

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