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Akron, Ohio Estate Planning and Medicaid Law Firm

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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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Akron, Ohio medicaid planning law firm

What are the Different Types of Trusts?

While a simple living revocable trust often meets the needs of many individuals, some require more specialized trusts to achieve their goals.
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Posted on: September 22, 2023
estate planning medicaid planning asset protection

Do You Need a Revocable Trust?

One of the most common misconceptions about a last will and testament is that having a will avoids the need for probate court.
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Posted on: September 1, 2023
Hudson, Ohio medicaid law firm estate planning

Which Is the Best to Way to Transfer Wealth, Trusts or Wills?

Take the squabbling between siblings you've had to endure and referee as a parent. Now multiply it times age and money. That might give you some idea of the need to make your final wishes clear when the time comes to divvy up your assets.
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Posted on: August 18, 2023
estate planning medicaid planning asset protection

Pros and Cons of a Will vs. a Trust

Either a will or trust can be the foundation of your estate plan. If it’s a trust, it’s usually a revocable living trust.
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Posted on: July 28, 2023
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
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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150 North Miller Rd., Suite 450
Fairlawn, OH 44333

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