All individuals who own any personal or real property should consider the benefits of having a will regardless of the property’s value. This is because the purpose of having a will in the state of Ohio is to have your property distributed the way that you would like to be distributed after you pass away.
For example, you might have specific wishes about who you would like to receive various pieces of property and your will is the appropriate place to outline this. Bear in mind that a will is one of the most important legal documents that you will need as part of your estate planning but it may not be the only document you need.
The downside of a will is that it goes through the Probate Court. Many clients may choose planning options, in addition to a will, that will avoid or limit the need for going to the Probate Court.
Depending on the complexity of your plans and wishes for your estate as well as any issues associated with passing on other types of property, you may need to consult with a knowledgeable Ohio estate planning attorney to accomplish your goals.
There are many benefits to working with an attorney for this process but the most important is the opportunity to avoid common mistakes that individuals make when trying to carry out their estate planning on their own.
In order to comply with specific rules in Ohio for your estate, you need to work with an attorney who understands these laws and can help you determine the right strategies and tools for accomplishing your estate planning wishes.