Estate Planning Attorney Delaware Ohio

Experts in Estate Planning and Probate Law

Estate planning is a crucial step towards ensuring your wishes for your assets are carried out. The legal team at Taneff Law is here to help you create an estate plan so you can feel confident about the future. An attorney will explain the importance of a plan, what documents and information should be included, and help you create an estate plan that clearly expresses your wishes. Our law firm has years of experience helping residents of Delaware Ohio create estate plans, and we look forward to assisting you. Contact us to learn more.

What to Include in an Estate Plan: Business and Personal Assets

An estate plan includes instructions on what should happen to your personal and business assets – including physical and financial assets – after your death. It explains how, when, and to whom your assets should be distributed. It also offers protection from excess taxes and having someone else determine what should happen to your belongings.

Your estate consists of property you own (such as your home), personal belongings (such as vehicles, jewelry, and other items inside your home), and wealth (such as savings accounts, checking accounts, and investments). If you’re a business owner or sole proprietor, it can also include business assets. Estate plans include legal documents like wills, trusts, and powers of attorney. It’s important to review your plan every three to five years to ensure it’s up to date as well as following life events like marriage, divorce, moving to another state, the death of a spouse, and the birth of a child. If you don’t have an estate plan in place upon your death, probate court will determine how to distribute your assets. Creating an estate plan makes sure your wishes for the future are known.

Our Services

Create a legal estate plan in Delaware, Ohio with estate planning services from Taneff. Our attorneys will work with you to make a plan that includes clear instructions for your personal and business assets. We’ll discuss the different documents a plan may include, and draft wills, trusts, and powers of attorney based on your specific needs.

Wills

Wills are legal documents that express your wishes for your property, personal assets, and your dependents. A will includes information about how you want your property and assets to be distributed and who will receive those items. It also names the person or people who will receive custody of your minor children or other dependents after your death. Once a will is determined to be valid in probate court, your wishes can be carried out.

Trusts

Trusts allow you to delay distribution of your assets. When you create a trust, you name a third party – also called a trustee – to manage the assets until a specified time, at which point the assets will be distributed to the beneficiary. For example, you can put money into a trust and have the trustee of your choice manage the money until your minor child turns 18 or later, at which point the money will be handed over to your child.

Powers of Attorney

A power of attorney is a legal document that allows you to name a person to make financial, medical, and other decisions on your behalf in the event you are no longer able to make such decisions. This may include decisions about medical treatments, moving you to an assisted living facility, paying bills, and more. Different types of powers of attorney grant different permissions and usually include limited power or general power. Limited power only allows the designated person to make decisions on your behalf in specific situations or regarding specific matters. General power allows the designated person to make decisions on your behalf for any matter, depending on Ohio laws.

Work with Attorneys in Delaware, Ohio

Although you can create an estate plan on your own, it is beneficial to have help from attorneys. Our team will explain the different elements of a legal plan and why each is important, as well as help you decide which legal documents you should include. An attorney experienced in estate planning in Delaware, Ohio will know the right questions to ask you to ensure the plan includes all of your important assets, and may think of things you hadn’t considered.

Estate planning not only ensures your wishes are carried out, but also saves your loved ones the time and stress of trying to decide what you would have wanted. Without a plan to work from, families can feel distressed and even fight over what to do with your belongings. An estate plan helps ensure distributing your items goes smoothly and reduces your family’s responsibilities during an already difficult time. It also prevents probate court from determining what should happen to your belongings.

Creating a plan may feel overwhelming, but you don’t have to do it all on your own. Attorneys can provide advice and guidance throughout the entire planning process.

About Taneff Law

When it’s time to create an estate plan in Delware, Ohio, contact the experts at Taneff Law. We will help you maximize the assets you pass on to your loved ones while avoiding excess taxes and unnecessary headaches for your family. Regardless of your age, marital status, or the size of your net worth, having a plan is crucial.

Our firm has more than 30 years of experience in estate administration and probate. Thomas Taneff is a former Probate Court Magistrate with the knowledge and experience to help you create a comprehensive and legal estate plan. He’ll work with you to create a plan that fits your unique needs, answer questions you might have, and help you update your plan when needed.

Contact Us for Legal Support

Protect your assets and wishes for the future with estate planning services from Taneff Law. To learn more about our services in Delaware, Ohio, contact us at (614) 241-2181. or contactus@tanefflaw.com.