Welcome to

JimSkeltonLaw.com

"An Ohio lawyer

serving the good people of Ohio

in all their legal needs"

Estate Planning

Proper estate planning requires formal legal documents.  If the documents are not correctly completed, the consequences could be disastrous for the people who you want to receive your property.

What is a will?

A will is a legal document and final testament (statement) that states how a person’s property is to be distributed after his/her death. To make a valid will, there are several requirements that must be met.

What is a living trust?

A living trust is a legal document that is created and operates during your lifetime. It is commonly for the benefit or support of another person.  When you have a living trust, you also have a will, called a pour-over will, and it pours over any left-over assets that might end up in probate to the living trust.  A living trust is a powerful instrument. You can give yourself the power to:

Change the beneficiaries at any time
Reserve income for your lifetime
Revoke or amend the instrument at any time

A living trust that is set up correctly avoids probate. Probate is the court process that determines who will inherit your estate if you did not do any planning to avoid probate. Basically, it changes title from the decedent’s name to that of the heirs or beneficiaries.

Home Page

You can send email to Jim Skelton, attorney at law, at jim@jimskeltonlaw.com right now!

Disclaimer to Reader:  The above is not legal advice and you should not rely on it. Everything on this web page is general information only. Nothing on this web page establishes an attorney-client relationship. If you have a legal question or problem, please consult an attorney.

Copyright © 2003 - HoosierWebSites.com http://www.hoosierwebsites.com