Ohio Asset Protection Attorneys
You have worked hard to earn what you have, and you should have the chance to protect your assets if someone sues you in the future. We can help you set up asset protection structures that act as barriers to creditors who seek to take your property. Asset protection is a complicated area of law, and you should not believe everything you read on this topic. We can help you sort through the conflicting bits of advice and information to formulate a plan that is right for you.
At Colella & Weir, P.L.L., we can explain all of your estate planning and asset protection options and show you how they will benefit you and your family. Our experienced lawyers can help you decide what types of estate planning documents will be effective in your situation. We offer very competitive fixed fees for packages including a will, trust, power of attorney and health care directives. We will also quote you fixed fees for more complicated estates that include trusts or other planning strategies. Please call our office at 440-387-4038 to schedule an appointment. Your initial consultation is free.
Ohio Wills and Trusts Attorneys
It is so easy to put off the decision to make a will. In fact, the majority of Americans do not have a will. Perhaps many of us believe that we do not have enough assets to warrant an estate plan. However, this is a false assumption. Every adult needs a will, no matter how much money or property he or she has.
There are several important reasons to make an estate plan. One is to make sure that your assets go to the people you choose. If you die without a legally binding will, your assets will be divided according to Ohio law. With a will, you decide how to divide and distribute your assets. If you have minor children, you will need to designate who you want to serve as guardian should you pass away. And finally, your will or trust will also make sure that the person who is responsible for distributing your assets according to your wishes is someone that you have chosen, not someone appointed by a probate judge who does not know you or your family.
To help your estate avoid the expense of probate and, if applicable, minimize estate and inheritance taxes, we can set up a trust. There are many types of trusts available, including trusts that provide for you in the event you are incapacitated and that protect your assets against creditors. We will discuss each option so you can make an informed decision.
In addition to wills and trusts, we can assist you with:
- Health care directives
- Powers of attorney
- Special needs planning
- Probate avoidance
- Family limited partnerships (FLPs)
- Life insurance planning
- Asset protection
Don't leave these important decisions up to strangers. For a free consultation with our Lorain estate planning attorneys, please call 440-387-4038 or contact us online.
