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Blessed is the season which engages the whole world in a conspiracy of love.
~Hamilton Wright Mabie~
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Happy Holidays!
What a wonderful season...and a very busy one with shopping, baking, parties, and special time with family and friends. As you navigate the busy-ness of the season, I hope you are able to enjoy the special moments along the way. Happy holidays to you and yours...may they be filled with things that make you smile.
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5 Easy Tips to Simplify Your Year End Charitable Giving
Are you planning on making charitable donations before the end of the year? The IRS reminds us that you must itemize deductions on your tax return to claim a deduction for these gifts. In addition, the following five tips can help make those year-end charitable gifts count.
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How to Make Your Inheritance Last
A 2012 study by Ohio State researcher Jay Zagorsky found that about one-third of Americans who receive an inheritance have negative savings within two years of getting their money, and of those who receive $100,000 or more, nearly one in five spend, donate or simply lose it all. If you are about to receive an inheritance, there are several steps you can take to ensure your funds will last longer than a few years.
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What You Should Know About Trust
Beneficiary Notices and Trustee Reports
- May a Trustee keep all trust matters private from the beneficiaries?
No. Under Ohio law, the manager of a trust ("trustee") has a duty to inform and report to the beneficiaries of the trust. The duty to inform includes an initial requirement to notify the beneficiaries within 60 days after a formerly revocable trust becomes irrevocable (usually after the trust creator's death) or within 60 days after the trustee accepts the duties of trusteeship. The duty to report includes an annual requirement to deliver a trustee's report to current beneficiaries.
The notice and reporting requirements do not apply to a revocable living trust provided the trust creator is alive and serving as trustee.
(read more)
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 Is It Time to Take Action?
Contact us and find out how easy it is to set your estate plan up. You'll sleep better at night knowing things are taken care of the way you want.
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Welcome!
Elizabeth Schmitz practices estate planning, probate and elder law. She guides families and individuals as they provide for themselves and their loved ones during all states of life.
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| Contact Information |
Elizabeth Schmitz, Attorney At Law
1900 Polaris Parkway, Suite 450
Columbus, OH 43240
614-785-4980
eschmitz@eschmitzlaw.com
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