George C. Wilber, Attorney at Law - Port Clinton Municipal Attorney
George C. Wilber, Attorney at Law - Port Clinton Municipal Attorney
Skilled Legal Representation Experienced Counsel

Experience - Commitment - Dedication



George C. Wilber, Attorney at Law

211 East 2nd Street
Port Clinton, OH 43452
Phone: 419-734-4060
Fax: 419-734-5318
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Estate Planning Overview

A Tradition of Personal Service
Estate Planning & Probate Administration Law Firm

At Wilber and Wilber, we get to know our estate planning clients and how they think. We take a complete inventory of every asset and liability to determine the wishes of the primary estate holder. At our law office, we review the complete family including children, grandchildren, siblings, and, in the case of a family business, the key employees, banks, financial consultants and investment advisors. Part of providing personal service for our estate planning and probate administration clients is educating them about the many options available, and to the many considerations that should be taken into account as one conducts succession planning. In keeping with that concept, we have provided this information for your benefit.

Our law firm has a tradition of personal service, and a history of providing quality legal advice to clients in and around the Port Clinton, Ohio area. Please call or contact George to schedule an appointment.

Estate Planning - An Overview

Estate planning allows an individual to plan for his or her lifetime objectives and to provide direction about the disposition of his or her assets after death. Estate planning can include wills and trusts as well as powers of attorney and healthcare directives. Estate planning is impacted by state and federal law, and any individual may find that more elaborate or creative legal means are necessary for his or her situation. Some of these more complex techniques include trusts, family limited partnerships (FLPs) and limited liability companies (LLCs).

An estate planning lawyer can be an essential ally in assuring that your estate planning goals are understood and carried out. If you have estate planning-related legal questions, call our firm today to schedule a consultation with an estate planning lawyer.

Estate Planning Basic Documents

Because estate planning allows an individual to ensure that his or her property will go to the people he or she wants, in the way he or she wants and when he or she wants, it is important for everyone, even if an estate is likely to be small, to have an estate plan. An estate plan can help to reduce tax liabilities, court costs and attorneys fees, and it can also make it easier for families to cope with the administrative and financial issues that arise after the loss of family members.

Estate plans should typically include at least two important estate planning instruments: a durable power of attorney and a will. A durable power of attorney is a document that authorizes a person to make decisions for a person who has become incapacitated, including decisions about the incapacitated person's property. A will is a document that sets out the plan to distribute a person's property after her or his death.

Documents relating to medical care can also be part of an estate plan. Documents to consider include a medical directive (also called an advance directive, a physician's directive, a written directive or a durable power of attorney for healthcare) to designate a person to make healthcare decisions for a person who has become incapacitated, a healthcare proxy (also called a proxy directive) to designate a person to make healthcare decisions regardless of a person's incapacity, and a living will to express a person's desire regarding the use of extraordinary measures to extend her or his life when there is no reasonable expectation of recovery.

Estate Planning and Financial Goals

Estate planning can help to identify and plan for financial needs during life and after death. Financial needs to consider include retirement income, college funding, replacement income following an unforeseen illness or disability and the needs of surviving family members. To meet these financial goals and to ensure appropriate utilization of assets during life and orderly and efficient distribution of assets after death, an estate plan may include making gifts to individuals and charities during life, purchasing life insurance, using revocable and irrevocable trusts, purchasing annuities as well as rearranging personal and business interests. In addition to federal gift and estate taxes, state inheritance taxes, which vary from state to state, must also be considered to meet financial objectives.

Conclusion

Asset protection strategies, healthcare directives, powers of attorney and other estate planning devices are an integral part of the services that an estate planning attorney can provide. If you have questions about estate planning, contact our firm to schedule a consultation with an estate planning attorney.

George C. Wilber, Attorney at Law, in Port Clinton, Ohio, serves clients in Put-in-Bay, Genoa, Sandusky, Fremont, Clyde, Marblehead, Ottawa County, Erie County, Sandusky County and throughout Northwest Ohio.

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