Many of our readers in Ohio can probably guess that no two estate plans are the same. Everyone has unique family and financial dynamics that must be accounted for in an estate plan. For some people, a simple will and some power of attorney documents are sufficient. However, for others, alternative estate planning tools may need to be considered. Trusts could be a possibility for many Ohio residents.
Ohio residents are taking an important step when they start putting together an estate plan. No matter how much in assets they have, almost anyone can benefit from having an estate plan in place. However, there are certain missteps that need to be avoided in the estate planning process. What mistakes are important to avoid?