Estate Planning R. M. Nelson Law Estate Planning R. M. Nelson Law

Essential Elements of Estate Planning

When you hear the words “estate planning” your mind probably goes immediately to will-writing. And that’s not an incorrect assumption, your will is one of the main components of your estate plan and a central focus of this important legal document. However, there is more involved in estate planning that just writing down a list of how your assets get distributed after your death. There are several other elements that go into a good estate plan and you’ll want to include all of them to have a fully comprehensive document that describes your wishes for your wealth and your care in the event of a worst-case scenario.

Read More
Estate Planning R. M. Nelson Law Estate Planning R. M. Nelson Law

Life Events that Should Prompt an Estate Plan Review

Your life isn’t one static trajectory, so why should your estate plan be? Outside of not writing a will or any advance directive at all, the most common error made in estate planning is the failure to periodically update legal directives as momentous events occur over the course of a lifetime. And, although your life may present you with circumstances that extend far beyond the following list, it may be useful to know that these are the life events that should prompt the consideration of a change to your estate plan.

Read More
Estate Planning R. M. Nelson Law Estate Planning R. M. Nelson Law

Planning Your Estate In 4 Steps

Your estate is made up of everything you own—cash, investments, business interests, property, and all of your personal belongings—and, upon your death, those items will be bequeathed in some manner. An estate plan is your opportunity to prescribe that manner by dictating which and how much of your assets are passed to whom. The biggest aversion to estate planning is the fact that you have to look your own morbidity squarely in the face. Having come to the unavoidable conclusion that you will pass away at some point, it becomes a smart, albeit not always pleasant, decision to create an estate plan.

Read More
Guardianship R. M. Nelson Law Guardianship R. M. Nelson Law

What is Guardianship and Do I Need Legal Counsel?

As adults in Ohio, we enjoy many freedoms to live and do mostly as we please, within the limits of the law. But with that freedom come many responsibilities, too – taking care of our affairs and business and looking after ourselves. And for most of us, that is simply part and parcel of everyday life. But sadly, there are times that these day-to-day tasks can simply become too much for individuals to do for themselves.

Read More

 Many people are not aware that anyone can access much of their important personal social security information at ssa.gov