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Category: Estate Planning

Estate planning services refer to the process of managing and distributing one's assets and properties after their death, in a way that ensures the smooth transfer of wealth to the intended beneficiaries while minimizing taxes and other expenses. Estate planning services may include drafting legal documents such as wills, trusts, and powers of attorney, as well as providing guidance and advice on strategies for asset protection and wealth transfer. These services may be provided by lawyers, financial advisors, or other professionals with expertise in estate planning. Effective estate planning can help individuals achieve their long-term financial goals and provide peace of mind for themselves and their loved ones.

Living Trust

What Should I Know About a Living Trust?

A living trust is a legal document which places ownership and control of property into a trust, managed by a trustee for your benefit. Living trusts are often used as part of estate planning and can be helpful in case of incapacity.
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Posted on: June 9, 2023

Why Would I Put My Home in a Trust?

When you purchase and own a home, your name is on the title to the property, indicating ownership. However, you can transfer ownership of your residence to another person or entity in the form of a real estate trust.
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Posted on: June 2, 2023
Wadsworth, Ohio estate planning lawyer

Do Heirs Have to Pay Debts from an Estate?

First, debts in a person’s estate are payable from the decedent’s assets in the course of administering their probate estate or administering their living trust estate.
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Posted on: May 26, 2023

What Three Things Do People Overlook on Estate Planning Benefits?

The main reason to plan your estate is to make sure that your wishes are followed after you are gone.
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Posted on: May 19, 2023

Protecting Assets with a Trust vs. Limited Liability Company

To protect assets effectively, you have to store them in the right legal entity. However, that can depend on whether you’re looking to protect business assets, avoid estate taxes, or protect personal assets from legal liability while running a business.
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Posted on: May 12, 2023
Digital assets

What Elements are Overlooked in Estate Plans?

There are certain provisions that people often forget to put in a will or estate plan that can have a big impact on a family.
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Posted on: April 28, 2023
Whe a loved one passes away.

What Do I Need to Do When a Loved One Dies?

It’s easy to overlook an important task after a spouse or other loved one passes away – like retitling assets. It’s a little thing with big ramifications. Follow this checklist to help make a challenging time less confusing.
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Posted on: October 24, 2022
estate planning medicaid planning asset protection

Communication is Key in Generational Estate Planning

For most families, the estate planning process is more involved than simply naming beneficiaries. While the primary goal of estate planning is transferring assets in an orderly and tax-efficient manner, it’s just as important to focus on preserving wealth across generations.
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Posted on: May 10, 2022
Akron Ohio estate planning

Here’s Why You Need an Estate Plan

No matter what line of work you are in, estate planning has facets that apply to everyone, and it comes down to documenting wishes and avoiding probate and unnecessary taxes. Too many people put it off, but, in general, the sooner you do it, the better.
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Posted on: July 31, 2021
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Estate Planning In The Cities Of Medina, Wadsworth, Hudson, Stowe and Copley

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Attorney John Hoffman is ready to help you with estate planning and medicaid planning. Let John Hoffman Law put our experience and diligent legal representation to work for you. Contact us today to learn how John Hoffman Law can help you.

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