By Daniel A. Perry, Esq. If you have been named executor or a trustee in an Ohio Probate or a Trust, you likely have many questions. One of the main responsibilities of this role is to act as a fiduciary, which means that you must always act in the best interest of the estate and its […]
By Daniel A. Perry, Esq. I was speaking with a client recently as part of their comprehensive estate and wealth planning and they asked if their life insurance proceeds would be protected from creditors in the event of their death. This is a very common question and the answer depends almost entirely upon state law. In […]
How to Avoid Frozen Bank Accounts after a Loved One’s Death By Daniel A. Perry, Esq. As an Estate Planning and Probate attorney practicing in Ohio, one of the most common questions surrounding bank accounts is whether they are frozen when a person dies. Unfortunately, the answer depends upon the circumstances. Many families find out […]
By Daniel A. Perry, Esq.As a parent of three young children (all under the age of 4), I am very much aware of the basic legal protections that we need to provide for our children. However, even with the best planning in the world and ensuring that all legal protections are in place for your […]
By Daniel A. Perry, Esq.I speak with several families every day, and I often hear the following:“I Don’t Need This Right Now”“I’m Not Old Enough to Start Talking about Estate Planning”“Estate Planning is Really Just for the Elderly and Not for Us”From an estate planning attorney, this can be the most expensive mistake that a […]
By: Daniel A. Perry I often receive questions from clients is about their financial accounts. Many of my clients have mutual funds, IRAs, investment accounts, stocks, bonds, and joint bank accounts. As most of us are aware, you can name a beneficiary on these accounts. So long as a beneficiary is named on these accounts, and […]
By Daniel A. Perry, Esq.Today, I’d like to speak to you about somewhat of a controversial topic. I was recently speaking with a client who asked me “Dan, should we step in and stop our parent from spending their money on these vacations and trips with his new spouse?” This is usually a very uncomfortable question and […]
By Daniel A. Perry, Esq. I was recently speaking with a client who said to me “Dan, I have a simple situation. My financial advisor said all I need is a simple will, powers of attorney, and advanced healthcare directives. My financial advisor told me that since all my accounts have beneficiary designations and my estate […]
When I speak with clients and ask them the question “who do you want to make decisions on your behalf should you become incapacitated, and who do you want making decisions when you are gone,” clients routinely have difficulty answering the question.Many times, families believe that they should select their oldest adult child as the successor trustee. […]
By Daniel A. Perry, Esq.There is so much information out there on the internet. Some is accurate, some is misleading, and some is just flat out false. In the age of information, we have a host of information at our fingertips as not seen before at any point in our history. However, how do we […]