A trusted team of estate planning attorneys, here to help you protect what matters most.
GAIN PEACE OF MIND THROUGH PROPER ESTATE PLANNING
What is estate planning? Simply stated, estate planning protects you, your loved ones, and the assets you’ve worked a lifetime to accrue. It is the act of creating a plan for how you want your assets handled upon disability or death, and while it can be uncomfortable to think about these things, it’s also incredibly important. If you don’t have an estate plan in place when tragedy strikes, the state will put a plan in place for you—but you probably won’t like it.
A thorough estate plan can protect a lot, even priceless intangible assets:
Values & Valuables
Estate planning can help ensure that your legacy is passed down, along with your tangible assets.
Guardianship of Minors
Name a guardian for your children and gain peace of mind knowing that your loved ones will be protected, no matter what.
Insurance can protect your family upon death or disability, and can even cover the cost of long-term care should it be needed.
An estate plan can save your family money on taxes, court costs and unecessary legal fees.
If you become incapacitated or disabled, your estate plan will outline how you would like to be cared for.
Provide for Family Members & Loved Ones
Proper estate planning can ensure that beneficiaries are provided for, while also outlining how they receive their inheritance. This is especially important for family members who are financially irresponsible, have special needs, or who may face issues with creditors in the future.
Transfer Business Assets
For those who own a business, an estate plan is an important tool for ensuring the assets are passed down to the appropriate successor.
FREQUENTLY ASKED QUESTIONS ABOUT ESTATE PLANNING
Do I even have an estate?
“Estate” is just a fancy word for anything you own—and anything that you care about protecting. Your house, your car, your digital assets…even that vintage guitar collection you’ve been coveting since the college days! If you own anything, then yes…you have an estate and should plan to protect it.
Who needs an estate plan?
The short answer is everyone. As soon as you turn 18, it’s important to at least start the estate planning process by drafting the most basic estate planning documents. As you get older—and as you get married or divorced, have children, have grandchildren, and enter your golden years—you will want to draft new documents to address the changes that go along with each phase of your life.
What happens if you don't have an estate plan and something happens?
Unfortunately, if you don’t have an estate plan in place and you become incapacitated or worse, the court will ultimately call all the shots. In the case of disability, the court will decide how your assets are used to pay for your care. In the case of death, the state will distribute assets to your spouse and children, control the inheritance of minors, and assign a guardian to those minors.
Is estate planning expensive?
You may be surprised to learn that the cost of estate planning services is affordable. Your estate planning attorney can recommend the most important documents for you to draft within the confines of your budget. Remember, you can always start small and grow your plan slowly—you can’t put a price tag on peace of mind.
ESTATE PLANNING ARTICLES
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CONTACT THE DELIBERATO LAW CENTER
If you are ready to get started with estate planning, Medicaid planning or any other elder law services, or just need to ask a question about how to protect your assets, please complete the brief form below and a member of our legal team with get in touch with you shortly!
LAW FIRM LOCATIONS
6200 Rockside Road
Independence, OH 44131
6000 Venture Dr.
Dublin, OH 43017