Vandalia, OH Estate Planning
Perhaps you are one of the 16,000 or so residents of Vandalia, Ohio. Vandalia is located about 10 miles north of Dayton on Dixie Drive, situated between the Stillwater and Great Miami Rivers. This northern Montgomery County city is distinctive, offering amenities not often seen in cities two to three times as large. Many find it the perfect place to call home, thanks to affordable housing, low crime rates, and reasonable tax rates.
Vandalia residents—like all residents in the U.S.—must think about planning for the future. Most of us put it off, somehow hoping we can avoid it altogether. Unfortunately, when estate planning is avoided, those you love will pay the price. No matter your age, your marital status, or your financial position in life, there are plenty of benefits associated with planning ahead.
At Lovett & House, we have been serving the needs of Vandalia residents (as well as the needs of residents in the surrounding areas) for many years. Every adult who owns anything at all can benefit from an estate plan—estate plans are not limited to the super-wealthy. When you choose to have a comprehensive estate plan prepared by a Vandalia estate planning attorney from Lovett & House, you can be sure your wishes will be carried out in the event of your death or incapacitation.
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.
How Can You Benefit from Estate Planning?
An effective estate plan can do the following:
- Protects your assets from creditors, or even from your heirs’ creditors
- Allows you to have all your records organized so that your loved ones can easily locate important records
- Can minimize your tax burden as well as the potential estate tax burden for your heirs
- Allows you to decide who you want to leave your assets to, and even when they should receive those assets
- Provides legal guardianship for minor children, along with your instructions for their care
- The use of a Special Needs Trust can ensure a special needs adult continues to receive government benefits while protecting their inheritance.
- Can prevent your estate from being involved in a lengthy, costly probate process
What Are the Components of an Estate Plan?
While every estate plan is unique in some way—there are four basic components of an estate plan that include: A will, a Living Will, a Health Care Power of Attorney, and a Financial Power of Attorney.
- A will controls how your assets are distributed upon your death, naming an executor and beneficiaries. A will must go through probate, which can be lengthy and costly. While a will is a less expensive estate planning choice today, it can trigger additional costs in the long run. A will allows you to name a guardian for your children, providing for their financial care.
- A Living Will allows you to state how you want life support to be administered. Your preferences for other medical decisions, including pain management and organ donation are also a part of your Living Will. It is important to note that in the state of Ohio, absent a Living Will, life-sustaining treatments may not be withdrawn for a period of 12 months. After that time, a representative of the patient may execute a written consent to withdraw life support.
- A Health Care Power of Attorney applies in the event of your incapacitation, naming another person to make decisions for your health care in your stead. This can prevent treatment disputes among family members, and, if there is no Health Care Power of Attorney in place, a Guardianship procedure could become necessary.
- A Financial Power of Attorney appoints an agent to handle your financial affairs in the event of your incapacitation and can prevent family disputes regarding who is in charge of your finances. In some cases, a Financial Power of Attorney can allow the named person to engage in Medicaid planning on your behalf.
How the Vandalia Estate Planning Attorneys from Lovett & House Can Help
Having an experienced Vandalia estate planning attorney from Lovett & House can make a significant difference in the estate planning process. Our highly experienced attorneys can provide the information you need regarding financial strategies (and more), that are tailored to your unique situation. We stay up to date on the ever-changing tax laws and estate and gift exclusion regulations, so you are always covered. As we offer estate planning solutions that meet your needs today (and in the future), we also deliver a clear, detailed description of the costs involved. Contact Lovett & House today for all your Vandalia estate planning needs.
