Q:What type of lawyer is best for wills?
A: An estate planning attorney is the best choice of lawyer when it comes to creating a will. Wills, trusts, and other legal documents that protect and distribute your assets after death are their specialty. It’s also important to choose one that’s local to you, as estate management laws can differ from state to state.
Q: What is estate planning in Ohio?
A: It’s the process in which you determine how your assets will be distributed upon your death. The first step is to find a lawyer local to your state that you trust to ensure your wishes are carried out effectively. Next is to organize your assets, name beneficiaries, and determine the best plan of action for legal documentation that follows through on your estate aspirations.
Q: What is the difference between will and estate planning?
A: Both a will and an estate plan are legal documents that outline how your assets will be distributed upon your death and must adhere to state laws to be legally sound. A will is a single document that names beneficiaries and caretakers for minors.
If you plan to place assets in a living trust, need to distribute retirement benefits, etc., you will want an estate plan rather than just a will. Estate planning documents include a will and additional legal documents to spell out your wishes should you become ill or pass away. Estate plans include directions about medical care, establishing power of attorney, and determining the needs for guardianships/conservatorships.
