Estate Planning in Englewood, Ohio
According to a 2022 CNBC report, Covid increased the awareness of the need for an estate plan in many Americans. Despite this, only about a third of all adults in the U.S. currently have an estate plan. This means that two-thirds of those in the nation do not have an estate plan. Of those surveyed, about 40 percent said they don’t have an estate plan because they simply haven’t gotten around to having one prepared, while 33 percent felt like they didn’t have sufficient assets to pass on to their loved ones.
About 13 percent said they had avoided having an estate plan prepared because of the cost, and the remainder of the respondents said they simply didn’t know where to begin. Interestingly, those who had a serious case of Covid and survived were about 66 percent more likely to engage in estate planning. If you are an Englewood, OH resident who has put off having an estate plan prepared, today is the day to contact Lovett & House and begin the process.
Your Family's Peace of Mind is Priceless
Read Our Former Clients' Five-Star Reviews
Our compassionate and through approach to Estate Planning makes a real difference in our clients' lives. Read reviews in their own words below.
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"The Best Customer Service"George and his crew provide the best in customer service and have an outstanding work ethic. They have always been there to help us when needed!- Mark S.
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"He Made It Easy"Bill was very friendly, knowledgeable, and kind. He made Estate Planning fun, fast and easy. We both feel relief to know our wishes are spelled out and our assets are protected!- Sherry C.
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"Peace of Mind"He explained each step 100 percent. He takes the time to talk WITH you, not TO you. I am so thankful I went to his seminar and took advantage of the free consultation.- Rosa S.
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"Made It Easy to Understand"George Lovett made our estate planning easy to understand and informative. He used our personal information to create a plan that was tailor-made to us.- Pamela O.
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"Expertise & Attentiveness"We were very pleased with the service, expertise, and attentiveness we received. We are glad that we choose Lovett & House for this.- Pat D.
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"A Pleasure to Work With"George Lovett has helped my family tremendously. He always explained our options and took care of us with the utmost professionalism.- Marlene W.
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"Easy to Understand"They made it easy to update our estate planning needs. All our questions were answered in easy to understand language and we didn't feel overwhelmed.- Rita S.
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"Very Helpful"he Estate Trust planning was easy to do with the Lovett & House. George H. Lovett and William H. House were very knowledgeable and helpful.- Judith A.
Why is Estate Planning Important for Every Englewood Adult?
There are many reasons having an estate plan is so important. One of the primary reasons you should have an estate plan is that without a plan in place your assets could end up in legal “limbo” for years to come. This could leave your loved ones in a difficult position, both emotionally and financially. Having an estate plan allows you to clearly spell out how you want your estate distributed. When you have an estate plan, there is no wondering what your intentions were, and it is much less likely there will be challenges to your estate or arguments between those left behind. If you should pass away without so much as a simple will, the state of Ohio will determine who will receive your assets—something most people would not be happy about.
If you have minor children or an adult child with special needs, having an estate plan is crucial. In your will, you can name a guardian for your minor children, and components of your estate plan can detail how your children will be financially taken care of. There are few parents who would want the court to decide who will raise their children; this makes having an estate plan particularly important for those with minor children.
When you have a comprehensive estate plan, you can ensure your heirs have the smallest tax burden possible. Without such a plan, your loved ones could end up paying far too much in taxes, leaving less for them. In short, if you want your assets and your loved ones protected after you are no longer able to do it yourself, then you need a comprehensive estate plan.
How Can an Experienced Englewood Estate Planning Attorney from Lovett & House Help?
Estate planning can be a daunting task without a legal partner who can skillfully guide you through the process. When looking for an Englewood estate planning attorney, you want a highly experienced individual that you feel comfortable with and can trust with your future planning. The estate planning attorneys at Lovett & House always stay abreast of any new estate planning laws or changes to current laws. We understand your situation is unique and will ensure your estate plan is just as unique.
Don’t wait—contact Lovett & House today.
