Hesch Law Cincinnati

Category: Estate Planning/Wills and Trusts

  • 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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  • Eastside Lawyers Group Program

    Join us on Feb. 22, 2013 from 12-1:30 at Hyde Park Country Club where Bill Hesch and Amy Pennekamp will be speaking on “Estate Planning Strategies for Attorneys and Upcoming Changes” cost is $25 to attend and lunch will be served following the presentation!

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  • Emerging 30 Award

    William E. Hesch Law Firm, LLC achieved the Emerging 30 award for the second year in a row because Amy Pennekamp and I provide personalized and exemplary legal services to our clients. The law firm specializes in estate planning, probate, business and tax law services and the purchase/ sale of business interests.

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  • Leading Lawyer Bill Hesch

    We are pleased to announce that Bill Hesch has been recognized by Cincy Magazine as a leading lawyer in the Trust and Estate area for the 9th consecutive year!

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