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Category: Trust Administration

Trust and estate administration refers to the management and distribution of assets and properties held in a trust or estate after the death of the owner. This process involves ensuring that the assets are distributed to the intended beneficiaries according to the wishes of the deceased, while also complying with legal and tax requirements. Trust and estate administration may include tasks such as filing legal documents, managing and distributing assets, resolving disputes among beneficiaries, ensuring compliance with tax and legal requirements, and providing guidance and advice to trustees or executors. Trust and estate administration is typically overseen by a lawyer, financial advisor, or other professional with expertise in this area. The goal of trust and estate administration is to ensure that the assets are distributed in an orderly and fair manner while minimizing costs and maximizing the value of the estate for the beneficiaries.

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Hudson, Ohio medicaid law firm estate planning

What Is a Land Trust?

Land trusts are key tools to protect your privacy and control your property. Learn how you can leverage a land trust in your own estate planning.
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Posted on: July 26, 2024

The Importance of Revocable Trusts in Estate Planning

Revocable trusts are a powerful tool for anyone’s estate planning. Use them to protect your assets during your lifetime, manage taxes and streamline inheritance.
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Posted on: July 19, 2024
Stow, Ohio estate planning lawyer

Planning for Retirement with a Special Needs Child

Planning for retirement when you have a child with special needs is difficult. However, you can overcome this challenge with thorough, strategic estate planning.
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Posted on: July 12, 2024
Akron, Ohio estate planning lawyer

Who Can Benefit from a Special Needs Plan: Crafting a Comprehensive Plan for the Future

Ensure the future of a special needs loved one with a tailored special needs trust plan. Create a plan that meets the unique needs without jeopardizing public benefits with an attorney experienced in special needs law.
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Posted on: February 1, 2024
Medina Ohio estate planning attorney

Estate Planning for High Net-Worth Individuals with Residual Income

Residual income, especially prevalent in the entertainment industry, refers to ongoing payments received for work done in the past. This income can stem from royalties in TV shows, movies, music, or books. A notable example is the late Matthew Perry, whose role in Friends brought him substantial residuals, as highlighted in a CNBC article. The Importance of Estate Planning for Residual Income For individuals with significant residual income, estate planning is crucial. It ensures that their assets are distributed according to their wishes and can help mitigate complex legal and financial issues after their passing. Case Study:…
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Posted on: January 5, 2024
Wadsworth, Ohio estate planning lawyer

Revocable Living Trust can Help with Planning for Incapacity

While physical disabilities may not impact a client’s ability to manage their own assets, mental illnesses and age-related cognitive impairment can eventually lead to incapacitation and the inability to manage their own assets.
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Posted on: November 17, 2023
Ohio Medicaid Planning

How Do Special Needs Trusts Work?

One of the most commonly recognized instruments for protecting assets for a disabled beneficiary is through the use of a Special Needs Trust, also known as a Supplemental Needs Trust.
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Posted on: November 10, 2023
Living Trust

Estate Planning and Tax Planning for Business Owners

This article will explore key considerations and actionable insights for business owners to reduce their tax burden, protect their assets and facilitate a smooth wealth transition.
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Posted on: October 27, 2023
Estate planning lawyer in Hudson, Ohio

Trusts Make Sense for All Tax Brackets

There are many reasons, however, to incorporate asset protection trusts into even the simplest estate plan–especially in the context of passing assets to children and grandchildren.
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Posted on: October 13, 2023
Estate-Planning-Law-Firm

Which Trust, Revocable or Irrevocable?

There are important differences between the two types of trusts, including the amount of control you'll have over your assets.
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Posted on: September 30, 2023
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Estate Planning In The Cities Of Medina, Wadsworth, Hudson, Stowe and Copley

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