Hesch Law Cincinnati

Author: heschlawadmin

  • Health Care Power Of Attorney

    A fundamental right that we have is the ability to make decisions regarding our own bodies, particularly when it applies to medical treatment. But who will make decisions regarding your medical treatment if you are unconscious or incompetent? How do you ensure that your health care wishes will be honored?

    A health care power of attorney can provide you with the peace of mind that you will be taken care of in the way you desire.A health care power of attorney is a document that designates a specific person to speak for you, should you be unable to communicate on your own.
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  • Ohio Legacy Trust

    In March 2013, the Ohio Legacy Trust Act went into effect. What’s noteworthy about this type of trust is the degree of protection it can shield trust assets from future creditors. In situations where people have a typical revocable living trust, potential creditors can still reach the assets in the trust. With an Ohio Legacy Trust, the assets are much more shielded.
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  • Trusts and Trustee’s Duties

    A trust is created when the person creating the trust (grantor/settlor) assigns control of property to another person (trustee) to manage for the benefit of other people or entities (beneficiaries). A trustee is a person chosen to be legally responsible for managing, investing and distributing trust assets in accordance with the wishes of the person who created the trust (settlor). Many people who have been assigned the duties of a trustee seek professional trustee assistance to help understand trusts and manage trust assets.

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  • Special Needs Trust

    Typically, a physical or mental disability may qualify a person for government benefit programs, such as Social Security or Medicaid. Since these programs are administered only to those who financially qualify, gifts or inheritances must be planned very carefully so they will not interfere with the disabled beneficiary’s eligibility for government benefits. Setting up a special needs trust is one way to help pay for the challenges associated with raising a disabled child, while still preserving government benefits.

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  • Revocable And Irrevocable Trusts

    Understanding The Difference Between Revocable And Irrevocable Trusts

    A trust creates a legal entity designed to protect, grow, and distribute estate assets. There is a common misconception that trusts are only useful for wealthy people. However, there are different reasons for setting up a trust even if you do not have a lot of wealth. Some of the more popular reasons for creating a trust are for providing for the care of minor children and avoiding probate upon death. Before determining if a trust is necessary for your estate plan, it is important to understand who are the parties involved with a trust and the difference between revocable and irrevocable trusts.

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  • Checking Accounts and Estate Planning | Hesch Law

    For purposes of the probate court, there are two different types of property. The first is “non-probate” property, which includes assets like life insurance policies, 401(k) plans, joint deeds of trust, and other assets with named beneficiaries or automatic survivorship rights. The unique feature about this non-probate property is that it passes to a beneficiary outside the court system when the owner of the asset passes away. All other property is considered “probate” property. Probate property must pass through the probate court upon death of the owner. It is important to understand that property as simple as a checking account can end up as either type of property, depending on the structure of the account.

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  • Young Couples Estate Planning

    Most people view estate planning as a process only involving elderly wealthy people. However, estate planning can have the same effect on younger couples as it does with older couples. Many younger couples either neglect or postpone any type of estate planning because they feel as though they haven’t accumulated enough wealth for a plan to be necessary. However, young married couples, especially those with children, should have a plan to help ensure that their loved ones are cared for in case of an emergency.

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  • William E. Hesch Program

    You are Invited to See Bill and Amy Speak on May 2, 2013!!

    Carriage Court of Kenwood is proud to host a complimentary one-hour program presented by

    William E. Hesch, Esq., CPA, and PFS and Amy Pennekamp, Esq.

    How to Avoid the Ten Most Common Estate-Planning Mistakes

    Thursday, May 2, 2013

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  • Elder Law Attorney

    When many people retire, they assume that their finances are in order and that they will live out their retirement comfortably in their homes. Unfortunately, as retirees age, the chances of suffering long-term illness or a serious injury tends to increase. Sadly, and much too often, families are not prepared for the changes that can occur when an older family member suffers an injury or illness that may require that person to spend the rest of his or her days in an assisted living facility or nursing home. An elder law, estate planning, and Medicaid planning attorney can help mitigate some of these problems and give families peace of mind by utilizing different tools and strategies to help families plan ahead for these situations.

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  • Bill Hesch on Channel 9 | Hesch Law

    Announcement from Bill Hesch

    Bill Hesch will be interviewed by Jenell Walton on the WCPO Channel 9 News magazine show “The List”, TONIGHT! The show airs at 7pm and Bill will be on at 7:20pm. Bill will talk about the 3 best ways to spend your Tax Refunds. Make sure you tune in!!!

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