Give Thanks This Year & Plan for Future Gratitude
How Do You Want to Live On After Death? In the words of physicist and My Big TOE author, Thomas Campbell, 'To live in the hearts we leave behind is not to die.' When we lose someone dear, memories of special moments, the support they offered, and their unique...
SECURE 2.0 Act: How It Affects You and Your Retirement Account Beneficiaries
On December 29, 2022, President Biden signed the Setting Every Community Up for Retirement Enhancement 2.0 Act (SECURE 2.0 Act). The previous SECURE Act in 2020 made several changes to retirement planning: It increased the required beginning date (RBD) for...
Top 3 Reasons You Need an Up-to-Date Estate Plan
Although we live in a world where information is easily accessible through the internet, there are still many misconceptions surrounding estate planning. Most of us do not dedicate our time to learning more about topics like estate planning, because we may not know...
Important Probate Rules Everyone Should Know
When a person dies, what happens next depends on whether the deceased person had any foundational estate planning documents such as a Last Will and Testament (otherwise known as a Will) or trust, who the living relatives are, and their relationship to the person who...
A Comprehensive Guide to Obtaining a Probate Bond in Ohio
Obtaining a probate bond is a fundamental aspect of the probate process in Ohio, ensuring the protection of an estate's assets and the interests of beneficiaries. Whether you are an executor (someone nominated in a will to administer the estate), or an administrator...
COMPLICATIONS THAT CAN SLOW DOWN THE PROBATE PROCESS
Our goal at Ibis Legacy Law, LLC is to help individuals and families plan ahead to minimize complications in the administration of their estates. However, we also recognize that not everyone plans ahead, so we are here to help minimize the delays associated with some of the most common reasons for delays in a probate estate.
The Pros and Cons of Powers of Appointments
An often misunderstood but common estate planning tool that can appear in estate planning documents is the power of appointment. Not to be confused with a power of attorney (the document that allows you to delegate certain powers to an agent to act on your behalf...
Q & A on Probate Basics in Ohio
What is Probate? Probate is the legal process in which a deceased person's will is validated, their assets are identified, debts are paid off, and the remaining property is distributed to their beneficiaries. What is an Executor? An executor, also known as a personal...
Do Not Leave Your Minor Children’s Future to Luck
Young parents work hard to create a wonderful life for their children and pass on wealth to them in the future, but they also need to create a plan for their children’s care if something happens to them.
Slicing Your Estate Planning Pi(e)
With only a few possible exceptions, you are free to use your estate plan to slice up your wealth for the benefit of anyone you choose. Some common beneficiaries you may choose are spouses or other significant others—such as your boyfriend, girlfriend, or partner—and children.