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Estate Planning in St. Clairsville, Ohio

Did you know that if you pass away without an estate plan, it’s termed as dying “intestate?” This means the state of Ohio will decide the allocation of your assets. Worse still, if you are a parent of young children, their guardianship will be chosen by the state. Avoid letting the state of Ohio make these important decisions for you and your family by engaging a reputable St. Clairsville, Ohio, estate planning lawyer.

Jarvis Law Office understands that estate planning isn’t the most comfortable topic, and we make the process as painless as possible. Once our St. Clairsville 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 St. Clairsville, 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 the scope of your estate, your attorney may advise you to draft both a will and a trust. A will allows you to declare your wishes for your estate after your demise, including who gets your assets and who becomes guardian to your minor children. Your will needs to clear probate before your heirs can receive your assets. As wills come into force only after your death, you can change or withdraw them anytime. With the help of your St. Clairsville, Ohio, estate planning attorney, you can draft a new will or update an old 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 St. Clairsville estate and elder care planning attorney can advise you on the type of trust you need, if applicable.

Healthcare Power Of Attorney

Your St. Clairsville, Ohio, estate planning attorney will aid in drafting a healthcare power of attorney for you. You’ll have the opportunity to appoint an individual who can make decisions on your behalf if you’re unable to. This person will take action if you become incapacitated.

It’s essential to create a healthcare power of attorney now, even if you’re healthy. If something were to happen, the paperwork would already be sorted out, saving your family from having to go to court for decision-making authority.

Also, by preparing this document now, you can name your decision-makers and beneficiaries. Ensure the person you select is someone you trust to act in your best interest and respect your wishes.

Support Children With Special Needs

An estate planning attorney in St. Clairsville, Ohio, can guide you in caring for a child with special needs. In many cases, parents establish a special needs trust. This allows children with special needs to accept financial aid and other supports without risking their crucial government benefits. It’s a delicate balance between aiding your child and causing them to lose these important benefits inadvertently. Seek advice from a St. Clairsville estate planning attorney to make sure your child has enough resources today and in the future.

Asset Protection

Are you keen on protecting your assets for the next generation? Your St. Clairsville, Ohio, estate planning and elder care lawyers can help construct an asset protection plan for you. This might involve setting up a business body, creating a domestic asset protection trust, or crafting a custom strategy to meet your asset protection requirements. After a detailed analysis of your condition and discussing your ambitions, the attorney can suggest the best tactics for moving ahead.

Your Ohio Business Succession Planning Lawyer
Your Ohio Business Succession Planning Lawyer
Your Ohio Business Succession Planning Lawyer

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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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