Legal-Ease: Estate planning can be an amazing gift to others

Lee R. Schroeder is an Ohio licensed attorney at Schroeder Law LLC in Putnam County. He limits his practice to business, real estate, estate planning and agriculture issues in northwest Ohio. He can be reached at [email protected] or at 419-659-2058. This article is not intended to serve as legal advice, and specific advice should be sought from the licensed attorney of your choice based upon the specific facts and circumstances that you face.

Estate planning can be one of the best gifts you leave behind for friends and family. Not only can you decide what gifts you will leave your loved ones through estate planning, but having an estate plan in place usually saves family or friends time and money.

From a practical standpoint, here are the four estate planning documents that should be prepared before death: Last Will and Testament, a power of attorney for finances, a power of attorney for healthcare, and a living will.

Generally, the best estate plans are prepared by local attorneys. Documents that are prepared based upon information found online often cause more difficulties for friends and family post-death.

The Thanksgiving weekend starting later this week will introduce Americans to their biggest annual shopping season. Deciding upon gifts for loved ones can be tricky, but there is one gift that has unquestioned financial and emotional value.

Social media recently included a popular story of a mother battling cancer who left a letter of love and encouragement to her daughter. The daughter did not receive or read the letter until after the mother’s death. In light of the circumstances, the letter’s value to the daughter was obviously greater than any gift her mother could have purchased for the daughter.

Learn more about estate planning and its value in Lee’s article in the Lima News here: Legal-Ease: Estate planning can be an amazing gift to others

Source: LimaOhio.com, “Legal-Ease: Estate planning can be an amazing gift to others,” by Lee R. Schroeder, November 18, 2017

Posted in Estate Planning, Powers of Attorney and tagged .