Tag: cleveland estate planning lawyer

Estate Planning for Your Home- Trust or Transfer on Death Affidavit

You own your home and want to ensure that it passes to particular loved ones upon your death but you’re not sure the best way to do it. This blog post will break down your options for you.

Survivorship Deed

First, it is important to look at your deed and determine how the property is held. Often married couples have a Survivorship deed. With a Survivorship deed, upon the death of one spouse, the real estate transfers to the surviving spouse outside of probate. What that means is that when one spouse dies, the survivor won’t need to go through a court proceeding to transfer the property to the survivor.… Read the rest

Making a Charitable Gift in Your Estate Plan

Making a gift to a charity in your estate plan is a wonderful way to give back. Today’s blog post will talk about the basics of charitable giving.

Choosing Charities

Before you leave money to any charity, it is wise to go to a website like https://www.charitynavigator.org/ and https://www.consumerreports.org/charities/best-charities-for-your-donations/ to make sure that the charity is worthy of your support. Unfortunately, there are many great sounding charities that spend most of their operating costs on administrative expenses or are scams.

How to Make the Gift

A gift to a charity… Read the rest

The 4 Major Pitfalls of Not Having a Last Will and Testament

There are four major downsides to not having a valid will upon death.

1. Inheritance

Without a valid will setting forth who will inherit your estate, ie. your house, money, prized coin collection, etc. the property will be distributed according to Ohio law and not your wishes.  Remember, if you want to be the one to decide who inherits your estate, you must have a valid will.  So what makes a valid will in Ohio? In a nutshell, it must be in writing, signed at the end by you, and signed by two competent witnesses who saw you sign your will.  Although it may be simple enough to execute a valid will, the content… Read the rest

The Basic Estate Plan that Every Parent Should Have

It is certainly true that no one likes to think about death or dying.  But it is also true that everyone dies, and unfortunately some leave this earth far too soon.  Estate Planning is not morbid.  It is responsible.  We don’t avoid buying health insurance because it reminds us that we may get sick.  In the same way, we should not avoid estate planning.  After all, estate planning is an insurance policy for our loved ones.    

Remember, estate planning isn’t for you, it is for the people you leave behind.   

There are several key questions that you need to ask yourself.

1.)    Who would I want to care… Read the rest