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Effective Titling Of Assets Can Benefit Estate Planning Probate Documents
Many people do not understand the distinctions between how one titles one’s assets and the resulting repercussions from it. Properly titling one’s assets can greatly increase the effectiveness of one’s estate plan. Some of these distinctions are described below:
- Power of Attorney: Adding another individual as power of attorney on an asset does not convey any ownership rights, but allows an agent to manage the asset and utilize it just as if the owner could. The agent is known as your attorney-in-fact. Adding a power of attorney does not keep an asset from having to go through the probate process, but allows an agent to manage the asset (pay bills, etc.) without having to go through a guardianship proceeding.
- Payable on Death/ Transfer on Death: often confuse Power of Attorney (POA) with Payable on Death (POD) designations. By designating someone as a Payable on Death (POD) beneficiary does not give any rights during the owner’s lifetime but allows the asset to pass directly to the payable on death beneficiary on the death of the owner without having
On September 3, 2011, I posted an article on the Ohio Family Law Blog about the “New” and “Improved” Montgomery County Standard Order of Visitation. At that time, the major change was in the way Summer Parenting Time was to be exercised. The Court decided that Fathers should have alternate weeks of visitation during the summer rather than being limited to just five weeks or thirty-five (35) days of visitation. Some Fathers have elected to take advantage of this change in the 
Your divorce is finalized! It is over and done, and you have moved on with your life. The assets, monetary accounts, retirement accounts, and the like all have been divided per the divorce decree. With that divorce decree in hand, you ex-spouse is no longer entitled to any future benefit you may receive, and that goes the same for you. However, there is one benefit you want to keep in mind when you are approaching retirement age. That benefit is the ability to collect Social Security Retirement on your ex-spouses record even if he or she has remarried! Like all government benefits there are some requirements you must meet in order to collect under your ex-spouse’s work record.
Domestic violence is never an easy subject to talk about or, in my line of work, to defend. To be honest, there really is no run of the mill domestic violence case. Some domestic violence cases have no defense and I just work out the best possible deal for my client. For other domestic violence cases, after reading the police report and witness statements, I ask myself “how the hell did this person get charged with domestic violence?”
As everyone knows by now, sadly, Prince unexpectedly passed away recently. In the days following his untimely death, questions began to arise as to whom would inherit his estate, which some have estimated to be worth between 300 and 500 million dollars. Surely he had a will, experts speculated. He had an army of attorneys working for him.