Ohio Estate Planning Attorneys
Everyone needs a will, even if the bulk of the estate has been placed in trusts. Business owners will want to coordinate business succession planning and personal wills or trusts. Parents of disabled adult children will want to establish special needs trusts to ensure that their sons and daughters will be properly cared for. Grandparents may wish to use "generation skipping trusts" to fund their grandchildren's college education or establishment of their first homes.
To begin working on your estate plan, review your existing estate planning documents or discuss changing family or business circumstances in light of your ultimate financial goals with an experienced estate planning attorney, contact The DiCello Firm to schedule a consultation to discuss estate planning instruments that may be appropriate for you, including the following:
- Durable power of attorney and other appropriate powers of attorney
- Advance health care directive ("living will")
- Revocable trusts
- Irrevocable trusts
- Asset protection trusts
- Special needs trusts
- Conservation trusts
- Supplemental needs trusts
Transferring Wealth While Minimizing Disputes and Tax Liability
Preparation and Implementation of Strategies
Estate planning is fundamentally about asset protection. One generation prepares to pass on accumulated wealth to the next generation — whether family, business partners, charities or other intended beneficiaries — while minimizing tax liability and potential for disputes. Beyond that, individual circumstances vary greatly, and the design of an appropriate estate plan will take individual needs into account.
Estate Planning and Financial Planning Dovetail
Many individuals, couples and business partners find that careful estate planning helps them focus on financial goals during one's lifetime as well as preparing for the eventual transfer of wealth. Generalized information about wills, trusts and other estate planning documents only go so far. A personalized inventory of assets and a frank discussion of goals is an important starting point. Exercise your right to determine the fate of your property after death — while keeping your lifetime financial goals clearly in focus.
Contact an experienced, insightful, well-respected estate planning lawyer at The DiCello Firm Based in Mentor, our Cleveland area law firm serves a diverse clientele.
