Often people come to our office seeking a basic estate plan. While there is no such thing as one size fits all in estate planning, there are basic documents that everyone should consider.
Last Will and Testament-
As discussed in the previous post, http://www.perlalaw.com/blog/the-4-major-pitfalls-of-not-having-a-will/ failing to execute a valid will has a number of draw backs. Wills give you the opportunity to set out who will inherit your estate. Without a valid Will, your estate will be distributed according to Ohio law rather than your wishes. A valid Will also gives you the … Read the rest
Survivor Benefits are benefits paid to the surviving spouse, divorced spouse, children or parents of a deceased worker.
In order to qualify for Social Security Survivor Benefits, you must meet certain criteria.
First, the deceased must have the requisite number of work credits. The number of work credits required varies depending on the year he was born, the year he died or became disabled, and his age at death. The maximum number of work credits required is 40- the equivalent of 10 years of work. To find the number of work credits required of a deceased worker, see www.ssa.gov.
Second,… Read the rest