Estate Planning Lawyer Powell, Ohio
Your Powell, Ohio Estate Planning Lawyer
The Jarvis Law Office helps Powell, Ohio, clients create estate plans that protect against incapacitation, address healthcare needs, and honor their wishes after they pass away.
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Estate Planning in Powell, Ohio
Many people don’t know that if they pass away without having an estate plan, it is what’s known as dying “intestate?” That means the state of Ohio determines what happens to your assets. Most troubling is that if you’re a parent of minor children, the state also decides their guardianship. Rather than letting the state of Ohio make these crucial decisions, seek the help of a trusted Powell, Ohio, estate planning attorney.
Jarvis Law Office understands that estate planning isn’t the most comfortable topic, and we make the process as painless as possible. Once our Powell estate planning lawyer finishes, you will feel a sense of relief. It’s much easier to face the future when your estate plan is in place.
What’s Involved In An Estate Plan?
Our Powell, Ohio, estate planning lawyer will customize your service. Common components include:
Your estate plan will protect you today and in the future. Contact an estate planning attorney today for more information.
Wills And Trusts
Regardless of your estate’s scale, your lawyer might propose that you draft both a will and a trust. A will enables you to plan your estate’s distribution after your death, including who will inherit your assets and care for your minor kids. Your will must be probated before your beneficiaries can claim your assets. Since wills are only applicable after your death, you can alter or revoke them at any time. Your Powell, Ohio, estate planning attorney can assist you in writing a fresh will or updating an existing one.
A trust also lets you choose who will receive your property after you pass away and how they receive their inheritance. Trusts have various benefits, including privacy. Unlike wills, they don’t go through probate, so your assets don’t have to become a matter of public record. Numerous types of trusts serve different purposes, including the ability to protect your assets from the extraordinary cost of long-term care or to shield assets from creditors. Your Powell estate and elder care planning attorney can advise you on the type of trust you need, if applicable.
Healthcare Power Of Attorney
Your estate planning attorney in Powell, Ohio, can assist you in drafting a healthcare power of attorney. You are allowed to assign someone to make decisions for you if you can’t. This person will act on your behalf if you become incapacitated.
It’s crucial to have a healthcare power of attorney ready now, even if you’re currently healthy. In case anything happens, all the paperwork will be settled, preventing your family from having to petition the court for decision-making power.
Also, creating this document now lets you name your decision-makers and beneficiaries. Choose someone you trust to act in your best interest and respect your wishes when selecting who will take over decision-making.
Support Children With Special Needs
Your estate planning lawyer in Powell, Ohio, can aid in providing for a child with special needs. Parents often set up a special needs trust. This means children with special needs can receive financial contributions and other forms of help without losing access to essential governmental benefits. There’s a fine line between supporting your child and unintentionally causing the loss of these vital benefits. Consult with an estate planning lawyer in Powell to ensure that your child has sufficient resources for now and in the future.
Asset Protection
Wishing to shield your assets for your heirs? The estate planning and elder care lawyers in Powell, Ohio, can help you devise an asset protection strategy. This could mean establishing a business entity, creating a domestic asset protection trust, or tailoring a strategy to suit your specific asset protection needs. After a thorough review of your situation and discussing your goals, the attorney can recommend the most beneficial strategies for future steps.
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Why Choose Jarvis Law Office?
- Free Consultation – Discuss your needs during a complimentary consultation with Jarvis Law Office. We can consult virtually, so you don’t have to visit the office.
- High Satisfaction Rate – Our clients have left reviews praising our knowledge, experience, and helpfulness. We have a track record for high-level service and customized solutions.
- Focused Practice Areas – We focus exclusively on the area of elder law.
- Three Convenient Locations – We have offices in Lancaster, St. Clairsville, and Dublin, making it easy to reach clients throughout Central and Southeast Ohio.
- Free Events – Our firm offers free events for Ohio residents. These events cover essential estate planning issues, such as how to pay for long-term care while protecting your assets.
- Family First – We’re focused on family. Our family (yes, we employ several family members in the firm) is protecting yours.
Testimonials
I have worked with Emily at Jarvis Lancaster location and she is very personable, friendly and has “Great” customer service. I would recommend Jarvis Lancaster location to anyone who needs assistance with elder care planning!
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Frequently Asked Questions
An estate plan is a collection of legal documents that outlines how your assets should be distributed upon your death. It’s crucial for protecting your family’s future, ensuring your wishes are carried out, and potentially avoiding probate. Without proper planning, your estate may be subject to lengthy and costly legal processes. As experienced estate planning attorneys, we at Jarvis Law can guide you through this process to ensure your loved ones are protected.
It’s never too early to start estate planning. Major life events such as marriage, childbirth, starting a business, or considering a business succession plan can often trigger the need for an estate plan. However, it’s wise to have a plan in place even if these events haven’t occurred. At Jarvis Law, we offer free consultations to help you understand the importance of early and comprehensive planning and estate administration.
At Jarvis Law, we recommend a comprehensive estate plan that typically includes a last will and testament, revocable living trust or irrevocable trust, financial power of attorney, healthcare power of attorney, and living will. We always adapt our approach based on the unique needs of our clients. Our estate planning and trust administration services include drafting all necessary documents and ensuring they reflect your wishes accurately.
Absolutely. Elder law issues often intersect with estate planning, especially regarding long-term care and Medicaid planning. Our team of skilled elder law attorneys has deep experience in estate planning, elder law, and probate law to protect your loved ones during their golden years. As attorneys experienced in estate planning and elder law, we can help navigate these complex areas, safeguarding your or your loved one’s rights and assets.
The probate process is the legal procedure for administering an estate after someone dies. The probate process typically involves multiple steps, as many as six, and can be lengthy, costly, and very public. However, proper planning, including the use of revocable or irrevocable trusts established by an experienced estate planning attorney, can help with probate avoidance and minimize the time and expense tied to probate while ensuring your family’s future is protected.
Yes. If you own a business in Ohio, it’s important to include a succession plan in your estate plan. This ensures a smooth transition and operation of the business upon your retirement or death. Succession planning doesn’t have to turn into something resembling a fraught TV drama.
Jarvis Law’s legal services extend to business succession planning. The attorneys in our business law and estate planning practice areas have extensive experience and will work closely with you to develop a comprehensive succession plan that aligns with your overall estate plan and will protect assets and your family members.
Living trusts, whether revocable or irrevocable, hold your assets during your lifetime. Then, upon your death, these trust assets are transferred directly to the beneficiaries without going through probate. This can speed up the distribution process and maintain privacy. At Jarvis Law, our attorneys are skilled in establishing and managing trusts as part of a comprehensive estate plan.
There are many benefits to establishing a trust. But there are also considerations you should be aware of before setting up a trust. Revocable trusts and irrevocable trusts differ slightly with regard to tax-shelter benefits, how they can be modified, and the estate administration. So, speak with one of the experienced estate planning lawyers at Jarvis Law, who can help you understand the differences and make the best estate planning choices for you and your family members.
Without proper planning, your loved ones may face additional legal and financial hurdles during an already difficult time. By working with our experienced Ohio estate planning attorneys at Jarvis Law, you can ensure that your wishes are honored and your family is taken care of according to your plan.
Yes. You can easily schedule a free consultation with one of the experienced attorneys in our estate planning services division by calling (740) 660-6069 or filling out the form on our website. Our team of central Ohio estate planning lawyers is readily available to address any legal issues or concerns you may have and guide you through the process of establishing a comprehensive estate plan.
Please note that the information provided here is general in nature and should not be considered legal advice. It is recommended to consult with an attorney from Jarvis Law Office to obtain personalized advice based on your specific circumstances.
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