Knowledgeable Bucyrus Lawyer Helps You Provide for Your Heirs
Skilled Ohio counselor offers comprehensive estate planning representation
Knowing your family will be taken care of once you are gone is extremely important. At Eyer Law, Ltd. in Bucyrus, I know the value of addressing these issues in advance and represent clients across North Central Ohio in a wide variety of estate planning matters. Whether you want to change your will, set up a guardianship or get advice on choosing the right trust, I will tailor my approach to fit your specific situation.
What do you need to execute a valid will?
Your will is the cornerstone of your estate plan and ensures your property will be distributed the way you want. To ensure your will is valid and enforceable, the following requirements must be satisfied:
- The person making the will must be of sound mind and at least 18 years old
- The will must be written
- The will must be signed in the presence of two witnesses, who must also sign
The same requirements apply to any changes or updates to the will. I will seek to resolve any potential legal issues and draft a thorough and binding document.
What is the purpose of guardianship?
When an adult individual becomes disabled or incapacitated, a court can appoint a guardian to protect their welfare. Guardians can be granted authority over a person’s finances and/or personal/medical care and must always act in the incapacitated individual’s interests. Establishing a guardianship requires proving to the court the physical and mental condition of the person in need. Navigating this process on your own can be difficult, and I will ensure you understand the law and what to expect in your case.
How can a trust benefit your estate plan?
Trusts can be a valuable addition to many estate plans, allowing the probate process to be avoided, and choosing the right one depends entirely on your goals. Two types commonly used include:
- Living trusts — Revocable during the lifetime of the creator, a living trust maintains privacy and protects property in the event of incapacity. It does not shield assets from creditor claims, offers few tax benefits and can be expensive to manage.
- Irrevocable trusts —This trust’s assets are out of the creator’s reach, and it cannot be rescinded or changed by the creator once established. These trusts offer the best asset protection and provide direct tax benefits.
An experienced attorney can advise you on your best options, and I will help you make good decisions when it comes to choosing the type of trust that will meet your needs.
Contact an experienced Ohio law firm to schedule a free initial consultation
At Eyer Law, Ltd., I take the time to listen to clients’ concerns and represent individuals across North Central Ohio in many types of estate planning matters. Please call 419-834-2193 or contact me online to schedule a free consultation at my Bucyrus office.
