Ohio Estate Planning Questionnaire

State:
Multi-State
Control #:
US-Q1014
Format:
Word; 
Rich Text
Instant download

Description

This form addresses important considerations that may effect the legal rights and obligations of the parties in an estate planning matter, such as wills, trusts, healthcare documents, deeds, and more. This questionnaire enables those seeking legal help to effectively identify and prepare their issues and problems. Thorough advance preparation enhances the attorneys case evaluation and can significantly reduce costs associated with case preparation.



This questionnaire may also be used by an attorney as an important information gathering and issue identification tool when forming an attorney-client relationship with a new client. This form helps ensure thorough case preparation and effective evaluation of a new clients needs. It may be used by an attorney or new client to save on attorney fees related to initial interviews.


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FAQ

Wills, Trusts & Estate. Planning Team. The attached Estate Planning Questionnaire is designed to help you organize your personal and financial information, to help us effectively assess your goals and circumstances, and to enable us to recommend an estate plan that will work for you and your family.

Expect that most estates going through probate in Ohio will take between six months to a year. Creditors have six months to file a claim against the estate, which means it can't be completed prior to that. Estates using the simplified version of succession may have probate wrapped up in two to four months.

The cost of making a living trust in Ohio depends on the method you use to set it up. You can use an online program to make the trust document yourself, and the cost will likely be a few hundred dollars. Alternatively, you can hire an attorney, which will likely end up costing you more than $1,000.

There is a filing fee of $25. The will should be in a sealed envelope that states the testator's name as well as the name of the person who should receive the will upon the testator's death (like the estate executor, for example).

A will must be filed with the court in North Carolina. State law allows for two years for the will to be entered into the court records. However, an heir may file sooner if the executor fails to file within 60 days of the death of the person.

The statutory fee in Ohio is 4% of the first $100,000, 3% of the next $300,000, and 2% of probate assets over $400,000. Also, there is a statutory fee of 1% for real estate not sold, and a statutory fee of 1% for some assets not passing through probate.

Estate planning in simple terms refers to the passing assets / investments down from one generation to another. You decide how much of your estate be it property(s), car(s), personal accolades, financial investments, etc. you want to pass on to whom and how, after your demise.

The attached Estate Planning Questionnaire is designed to help you organize your personal and financial information, to help us effectively assess your goals and circumstances, and to enable us to recommend an estate plan that will work for you and your family.

This initial estate planning questionnaire is presented in a narrative form. The detailed explanations and the space provided for answers are designed to garner more complete and helpful information than would be afforded by merely filling in blanks.

Five of the Most Common Estate Planning Questions AnsweredWhat is the difference between a will and a trust? Wills and trusts have some similarities.What is Power of Attorney?Do I need to create a medical directive?When should I make updates to my estate plan?I'm worried my family will contest my will.

More info

ESTATE PLANNING INFORMATION FORMCounty and State. Children by prior marriages: A)Other Real Estate. Ohio $  ... The answers to these questions may have an important impact on how you dispose of your property and the more complete the information is, the better we will be ...15 pagesMissing: Ohio ? Must include: Ohio The answers to these questions may have an important impact on how you dispose of your property and the more complete the information is, the better we will be ...Information provided is held in complete confidence, and is used for the sole purpose of analyzing estate planning needs and designing estate planning ... If you are not able to obtain all the requested information, complete as muchafter submitting this questionnaire, please keep your attorney informed. Estate planning helps designate who gets your assets and handles yourA complete estate plan includes important legal directives. Estate planning is a process involving the counsel of professional advisors who are familiar with your goals and concerns, your assets and how they are ... Pre-fill Estate Planning Questionnaire and Worksheets - Ohio fields from a CRM, Spreadsheet or database records. Feature icon. Pre-fill from Airtable Bot ... Make a Statement of Desires ? It should take into consideration what you want to happen to your property upon your death, the financial well-being of your ... Ohio Estate Planning Overview. Whether you're setting up a trust for your child, setting up a power of attorney or going through the complicated process of ... If you work with an attorney on your estate plan, show him or her the beneficiary forms that you have filled out in the past; you might find some surprises.

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Ohio Estate Planning Questionnaire