The Law Offices of Saia & Piatt, Inc.
  • Columbus
    614-444-3036
  • Mayfield Heights
    440-646-1881
  • Delaware
    740-362-4772
  • Mt. Gilead
    419-946-7876
View Our Practice Areas

If you died, how organized would your loved ones find your estate?

According to the Census Bureau, 14 million widows and widowers live in the U.S., or about a quarter of the population over 65. Every year, 800,000 Americans lose their spouses.

It's reality. People die, and they leave behind loved ones in emotional turmoil. That doesn't have to mean your loved ones have to suffer through financial turmoil during that difficult time. Taking time to create a solid estate plan and then keeping your estate organized can protect your loved ones from having to deal with hassles while in a fog of grief.

Are you familiar with all your assets and where they are located?

Before you begin your estate plan, according to the New York Times' Retiring blog, you and your spouse both need a full, clear understanding of what you own and what you owe. How much is left on the mortgage? Do you have life insurance policies? Remember to check the beneficiaries. What pensions or retirement accounts do you have? Do you keep valuables in a safe deposit box?

Has your spouse been handling all of these issues? If so, you need to become familiar with your overall assets and debts and where all your accounts are held.

Once you have an inventory of your assets and debts, talk to an estate planning attorney to ensure they are all considered in our estate plan. This is a good time to talk about your situation, goals and values. If you have any special situations, such as children from a previous relationship, your estate plan can ensure each loved one receives what you intend.

What documents should your estate plan contain?

Most people will want a legal will, and trusts can be of great benefit. To ensure a smooth transition, however, it's also important to have a durable power of attorney for finances and a living will and/or healthcare power of attorney. The power of attorney for finances allows a designated person to pay your bills and make other financial decisions on your behalf. A living will and healthcare power of attorney can specify what end-of-life care you prefer or designate a person to make those decisions for you if you become unable to do so.

The size and contents of your estate plan will depend on both the size and the complexity of your estate. Remember, the first step in estate planning is setting up the time to get it done.

No Comments

Leave a comment
Comment Information

A Nationally Recognized Law Firm

Email Us For A Response

Start Fighting Today

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Columbus Office
713 South Front Street
Columbus, OH 43206

Toll Free: 888-444-3036
Phone: 614-444-3036
Map & Directions

Mayfield Heights Office
1392 SOM Center Road
Mayfield Heights, OH 44124

Phone: 440-646-1881
Fax: 440-443-1969
Map & Directions

Delaware Office
98 North Union Street
Delaware, OH 43015

Phone: 740-362-4772
Fax: 740-362-4802
Map & Directions

Mt. Gilead Office
19 East High Street
Mt. Gilead, OH 43338

Phone: 419-946-7876
Fax: 419-947-8595
Map & Directions

Review Us
Call Today For A Free Case Evaluation :
614-444-3036 or 888-684-6446 (888OVIOHIO)