Toledo Ohio Estate Planning Lawyer
What would happen to your family should you unexpectedly pass away or face a period of significant disability? It’s human nature to want to protect our loved ones from harm and distress and to protect what we have worked a lifetime to acquire. Estate Planning gives you the freedom to say that you have all of your personal affairs in order and your estate will be handled in the way you intend it to be handled. The Sawan PLLC team can guide you through the creation of a comprehensive estate plan, which includes making key decisions and preparing legal documents that will protect you, your assets, and your family should you pass away or experience a period of disability.
Plan Your Estate During Your Life
Your estate consists of everything you own or control that your heirs will one day inherit (property such as your house, investments, cash accounts, life insurance, retirement accounts, personal property, and even your personal effects). There are many complex laws and issues that are involved in sound planning due to the complicated nature of property law. Having a knowledgeable and trustworthy estate planning attorney on your side is essential to protect your assets during your life and preserve them after your death. The best time to establish your estate plan is during your life to ensure that if you do pass away, your wishes will have been documented and legally enforceable. There’s many different ways you can accomplish your desires and good planning makes all the difference. Here’s a couple of documents you should consider in any comprehensive estate plan.
- Last Will and Testament: A last will and testament is a detailed written document that outlines your wishes as to how your property will be distribution and who will administer your estate upon your passing. It gives you a considerable amount of flexibility as to how these matters will be handled.
- Durable Powers of Attorney for Healthcare and Finances: In the unfortunate event that you are unable to make decisions regarding your healthcare decisions, a durable healthcare power of attorney will designate someone to make healthcare decisions for you. You should also include a designated person to similarly make financial decisions on your behalf should you be incapacitated.
These two areas of your estate plan are definitely some of the most important but there’s a considerable array of other vehicles to accomplish goals such as trusts, directives and other planning options. It’s important to speak with an estate planning attorney if you want to make sure your plan meets all your goals.
What to Do After the Death of a Loved One?
The death of a loved one is a difficult experience that can alter our lives forever. Sometimes we don’t even think about someone’s estate until they’ve passed. If you’ve lost a loved one, here’s a couple of ideas of some things to focus on. We discuss with clients that it often helps to understand that there is no one size fits all approach for recovering from a loss such as this. While there can be some urgent matters to attend to, for the most part there is and no time pressure behind the process. Here’s a list of a few things that should be considered after the death of a loved one.
Make Service Arrangements
Seek the support of family immediately make arrangements for service, if any, and disposition of remains as appropriate. You should focus on this task first and make those arrangements early so you can spend time grieving with your loved ones.
Process Grief and Maintain Well-Being
Work on the immediate needs first. Work through the grief. You need to take time for yourself to properly grieve. That starts with taking whatever time is required for yourself to accept what’s happened and process your grief. Don’t worry about anything else until adequate time has been spent grieving. Just take care of yourself and your family members
Pay Attention to Certain Financial Matters
It’s important to keep up with your deceased family member’s financial circumstances. Keep any major secured debts handled in the normal course. Everything else can wait at least a few weeks. What happens next is VERY state specific.
Seek Local Legal Advice
The assistance of an attorney who specializes in estate matters is critical. After you’ve had adequate time to attend to your family and yourself, we recommend contacting an estate planning attorney. Call 419-469-5002 for a free consultation.
What to Expect When You Speak to an Estate Planning Lawyer
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This is an ATTORNEY ADVERTISEMENT. Sawan PLLC is a law firm with attorneys licensed in Michigan, Ohio and Florida. The information contained on this website is provided for general purposes only and does not apply to your specific factual circumstances in all cases. For us to better understand the particular facts unique to your case, call 419-469-5002 for a free consultation. No attorney-client relationship is created by your use of this website. Sawan PLLC, designated a debt relief agency by an Act of Congress and the President of the United States, proudly assists consumers seeking relief under the U.S. Bankruptcy Code.
Chris Sawan is a licensed attorney, MBA and CPA which allows him to provide exceptional service to our clients across a range of practice areas.
Dennis Sawan is a licensed attorney with a robust background interfacing with Courts making him a valuable asset for our clients