Helping Ohio Families Through The Estate Planning Process
At Wiles & Richards, we provide knowledgeable estate planning guidance that is personalized to each client’s needs. Our legal team is proud to advocate for residents of Ohio in matters such as simple wills, living wills, powers of attorney and Medicaid planning. We will take the time necessary to understand your situation and goals to determine what documents and plans are right for you.
A will is a straightforward legal document that instructs your executor how to distribute your assets after your death. If you have minor children, a will allows you to designate who will act as their legal guardian and who will manage their money. As family and life circumstances change, it is important to keep your will updated.
A trust is a legal document that can supplement or replace a will. It is a private contract designed to avoid probate entirely and its general purpose is to manage the allocation of property by giving benefits to several beneficiaries. A trust differs from a will in that a trust can be used while its maker is still living. Trusts are more useful for estates with significant assets and for tax avoidance purposes. The estate planning attorneys at Wiles & Richards have experience with all forms of trust preparation, including A-B trusts, irrevocable life insurance trusts, grantor retained annuity trusts (GRATs), generation-skipping trusts and qualified domestic trusts (QDOTs).
Medicaid regulations are complicated and specific to each state. While you can use it to protect assets and maximize a person’s income to give them a good quality of life, it takes knowledgeable guidance from a compassionate advocate to appropriately plan and navigate the system. At Wiles & Richards, we work closely with individuals and families to create a unique plan based on their goals and needs. We’re passionate about providing compassionate advocacy that uses our knowledge of Medicaid to provide long-term care for those who have been diagnosed with an illness.