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August 24, 2010

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Estate Planning Resources

The best way to inform yourself about Cleveland Estate Planning Law and Estate Planning related topics. Our Estate Planning Resource Center includes the following sites for your personal use.

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Did You Know?

A "Living Trust" can be used to hold legal title to and provide a mechanism to manage your property
You can select the person or persons you want -- often even yourself -- as the Trustee(s) to carry out the instructions you want in the Trust and name one or more Successor Trustees to take over if you cannot. Unlike a Will, a Trust usually becomes effective immediately, continues in force during your lifetime even in the event of your incapacity, and continues after your death. Most Trusts are "revocable" which allows the person who creates the Trust to make future changes, modifications and even to terminate it.

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	Latest news about Financial & Estate Planning in Cleveland and nationwide: Law Day, U.S.A., 2006 This year's Law Day theme, "Liberty Under Law: Separate Branches, Balanced Powers," honors the wisdom of the separation of powers that the Framers ... Read more > Major Expansion Of Dwi - Drug Courts Recommended There are 31 drug courts in 18 of New Mexico's counties. They operate in District, Metropolitan and Magistrate Court levels. The recommendation is ... Read more > Proof Beyond A Reasonable Doubt (1) Every person charged with the commission of a crime is presumed innocent unless proved guilty. No person may be convicted of a... Read more > More Estate Planning News >

Estate Planning Terms

Today's Terms

Trust

Definition:
A long recognized legal concept (first used in ancient Greece during the times of Socrates and Plato) in which some or all property of a Trust Creator is held on behalf of a beneficiary (which may include the trust creator) in the name of the Trustee.

Devise

Definition:
A gift made by a will or a trust. A devise is made to a beneficiary under the terms of the will or trust.

Tenancy-in-Common

Definition:
A form of ownership of property in which two or more persons share ownership (may be equal or unequal shares). At the death of a tenant-in-common, his/her share in the property transfers to his/her heirs, rather than to the other surviving owner(s). Compare with Joint Tenancy.

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Estate Planning Resources

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Estate Planning Hot Topics

Topics Related to Estate Planning:

Trusts
Wills
Uniform Probate Code
Gift Tax

Cleveland Estate-Planning Attorney

If you live in the following cities and need an Estate-Planning attorney you should contact our Estate-Planning Attorney as soon as possible:

Alliance
Ashtabula
Barberton
Beachwood
Bowling Green
Brunswick
Canton
Chillicothe
Cincinnati
Cleveland
Columbus
Dayton
Delaware
Dublin
Eastlake
Elyria
Fairborn
Fairfield
Findlay
Grove City
Hamilton
Hilliard

Kent
Lakewood
Lancaster
Loveland
Marion
Mason
Massillon
Medina
Mentor
Middletown
Newark
Painesville
Reynoldsburg
Sandusky
Stow
Toledo
West Chester
Westerville
Wooster
Xenia
Youngstown
Zanesville

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