Estate Planning Attorney in Ohio

Estate Planning Attorney in Ohio

Estate Planning Attorney in Ohio
Regardless of your current financial situation, having an estate plan in place can help your family should you lose your life unexpectedly. While none of us likes to think about the end of our lives, preparing for the eventuality can protect your loved ones.

Why Have a Power of Attorney?

Should you be involved in any type of accident which renders you incapable of making health care decisions or managing your finances, a power of attorney designates someone to step in. In Ohio, there are two main categories of power of attorneys: one that handles financial matters, and one that decides health care matters.

In many cases the power of attorney goes into effect immediately upon your inability to make decisions on your own. Once you can make those decisions again, the powers to manage your own finances and medical issues revert back to you. Powers of attorney can be revoked at any time, and you can change who will make those decisions on your behalf at any time.

Importance of Health Care Directives

Unfortunately, regardless of what many of us believe, the majority of us will be unable to make our own decisions regarding end-of-life care when we need it the most. Therefore, it makes sense to have a signed directive on file so someone you trust can ensure your wishes are followed. Health care directives are an important legal document to make sure the care you receive is in line with your final wishes.

Preparation of Wills & Trusts

Regardless of your financial situation, everyone should have a will or trust in place. For most people, a simple will can provide the needed directions for the distribution of their assets when they pass away. A simple estate with bank accounts, personal property, and a home owned only by one person may only need a will. Having a will in place can not only significantly streamline the estate process it will likely also keep the estates costs down.

More complex estates involving multiple pieces of real estate, full or partial ownership in a business, or when you have a loved one with special needs may require a trust to ensure a smooth transition of assets. We can help you prepare the right estate planning documents based on your own specific needs.

If you live in Xenia, Beavercreek, Bellbrook, Jamestown, Cedarville, Fairborn, Centerville, Kettering, Dayton, Waynesville, Wilmington, or the surrounding areas contact the law office of Laura E. Pendry for help with all your estate planning needs.
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