State Taxation of Trust Income: The US Supreme Court Has Spoken
Little did Joseph Lee Rice III know that, way back in 1992, when he created the Kimberley Rice Kaestner 1992 Family Trust, his descendants (the trust beneficiaries) would find themselves making claims before the Supreme Court of the United States someday; yet, some 27 years later, that is exactly the taxing situation in which the trust, the trustee, and the trust beneficiaries find themselves.
DAP Trusts: Asset Protection for Frequently Sued Occupations
Estate planning can be a complicated and confusing process. Part of estate planning is protecting your assets during your lifetime, for your own continuing support as well as to provide for your loved ones after you die. There are many options for asset protection for frequently sued occupations. One is the creation of a domestic asset protection trust (DAP trust).
The Essentials of Contesting a Will in Ohio
The death of a loved one brings a variety of changes, including grief and the winding up of the deceased’s estate. Normally, the decedent’s will directs the distribution of assets and debts, but what happens when someone disputes the will itself? The result is a will contest, a challenge to the validity of the will. Contesting a will in Ohio requires a thorough understanding of estate planning and probate in Ohio.
A Map to the Probate Process Without a Will in Ohio
Life does not have a predetermined expiration date. When a loved one dies unexpectedly and without a will, the grief of those remaining face is compounded by having to deal with the probate process without a will in Ohio. When happens, the surviving family and friends need to know how to settle the estate without the guidance provided by a will.
Need to Know How to Modify an Ohio Will?
If you have ever written a will, perhaps you remember thinking as you wrote it that it was truly your "last" will and testament, to be stored away and not retrieved until your death. Times change, however, and so do people, relationships, and feelings; oftentimes, this requires that you revisit your will to make sure it reflects your wishes.
If you feel that a change is required for your own will, or perhaps for the will of a loved one, knowing how to modify an Ohio will requires a bit of investigation. When you need to modify a will in Ohio, you should consider several matters to ensure that your modified last will and testament carries out your intentions.