While we create your estate plan, we will focus on helping your trustee and/or executor avoid the long, stressful, and expensive process of probate.   

In order for your estate to avoid probate, you must have all assets you own at the time of your passing in either a properly executed Trust or designated as a “payable on death” or “transfer on death”.  Examples of some of these documents and designations used to transfer ownership outside of probate (non-probate) are:  

1. Transfer on Death Deed; 
2. Payable on Death Bank Transfer;
   • A form you request from your Bank.
3. Payable on Death BMV Transfer; and
   •  A form you request from the BMV.
4. Life Insurance Beneficiaries.
   •  A form you request from your Life Insurance 

We recommend that every estate plan have a minimum of a Final Will and Testament or Pour-over Will and a Financial and Medical Power of Attorney. There are additional documents that we can prepare such as a living will or health care directive. We can discuss these and others upon your request.

We will draft your estate planning documents and then reach out to schedule a signing meeting. Prior to your signing meeting, we will send you a draft of your documents for your review. Please reach out to us with any changes that you would like to make before your scheduled signing meeting.  You will need to bring your identification to the signing meeting and it usually takes about an hour. 

Expectation Setting  

Estate Planning Cases usually take between 2-4 weeks but can take 3-4 months depending on the nature of your assets, the level of planning needed, and your availability. 

Call 513-449-0990 to schedule a consultation with one of our estate planning attorneys.

The post Estate Planning In Ohio first appeared on Shur Law.

What An Estate Plan Does

The purpose of an estate plan is to prepare for the future of your assets. Real estate property and items such as your vehicles, art collections, furniture, and other sentimental or valuable belongings will need to go somewhere after your departure. Many people use an estate plan to list the names of people in their life that they want these belongings to be given to. But what you can pass down to beneficiaries is not limited to just tangible items, as assets such as retirement accounts, stocks, or bonds can be distributed to any individuals or charity organizations you choose. Essentially, what an estate plan does is legally confirm that what you have accumulated and built over the course of your life is transferred to those you care about the most.

Personal Injury Accidents

Car accidents, medical malpractice, slip and falls, dog bites, truck accidents, and workplace accidents, among many others, are all examples of personal injury accidents in which someone is probably at-fault for what happened. The substantial expenses resulting from a disastrous injury could significantly hinder securing a successful future for your children and family after your lifetime. When someone else is the cause of your injury and loss, it’s only understandable that you would want to speak with a law firm, similar to Cohen & Cohen, about receiving compensation. Depending on what you endured, you could be eligible for damages including medical costs, property repair or replacement, loss of earnings, loss of future earning potential, pain and suffering, physical therapy, mental health assistance, rehabilitation, and more.

Your Family’s Future

Seeking help from a lawyer after suffering in a personal injury accident is a wise path to take, as it allows you to protect your family’s future too. By holding an offender accountable and receiving fair compensation based on your losses, it protects your assets from having to be used. After all, if an individual, company, or other party is responsible for how your life has been negatively impacted, then why should you have to pay for the consequences of their poor actions? If this information provided resonates with you and what you are going through, consider meeting with a legal team for further help as soon as possible.

The post Personal Injury’s Unforeseen Impact on Family Wealth first appeared on Shur Law.