Avoid Probate, Potentially Save Thousands WHAT EVERY OHIO FAMILY SHOULD KNOW
When we think about estate planning, most people attempt to create a plan that puts their family and loved ones in the best position going forward. This looks different for everyone, and the specifics depend on their unique situation. Some think a will is all they need to pass on their assets and ensure their bases are covered, but this could cause their family to gain less than anticipated. They may not consider the additional fees their estate or loved ones will have to cover if the estate has to go through probate. If you’ve looked into estate planning before, you may have heard an attorney or someone else say probate is expensive without giving further details. When you first hear this, you may think it involves paying hourly wages to all involved, but there’s more to it than that. Let’s explore the fee structure and how much the average person in Ohio will have to pay in probate fees. When you go through probate, a fiduciary will oversee the process to ensure the estate is distributed fairly and according to the deceased’s wishes. They have predetermined fees according to Ohio’s laws and administrative rules. Any income your loved ones receive from personal property within your estate or the proceeds of real property from your estate will result in paying fees to the executor
or administrator. For the first $100,000, they receive 4% in fees. Anything between $100,000 and $400,000 has a rate of 3%. Anything above $400,000 has a 2% rate. Many may think this information is irrelevant since they do not have hundreds of thousands of dollars in the bank. However, you likely have more money to your name than you think, especially if you own a home and car. For example, you could be looking at around $9,000 in administrative fees if you have a home, auto, and bank account valued at $250,000. To avoid these administrative fees, you’ll need to avoid probate by creating a trust. This comes with a price tag but should be significantly less than probate fees. If you have questions about probate or want to create a trust, call us today!
STRAWBERRY SHORTCAKE ICE CREAM BARS Inspired by ThePioneerWoman.com
TAKE A BREAK
INGREDIENTS •
1 pt strawberry ice cream 1/4 cup strawberry preserves 1 pt vanilla ice cream
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1 5.25-oz package crispy sugar cookies 1 0.8-oz package freeze- dried strawberries
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DIRECTIONS 1. Stir strawberry ice cream in a large bowl until spreadable. Fold in preserves until evenly streaked throughout. 2. Stir vanilla ice cream in a separate large bowl until spreadable. 3. Spoon 1 1/2 tbsp of the strawberry mixture into the bottom of 8 (1/3-cup) popsicle molds. Spoon 1 1/2 tbsp of the vanilla mixture on top of the strawberry mixture into the molds. Repeat, alternating the 2 mixtures, until each mold is full. 4. Place sticks into the popsicles and freeze until solid, 4–6 hours. 5. In a large zip-lock bag, crush sugar cookies with a rolling pin until pieces are rice-size; pour into a shallow dish. 6. Repeat with freeze-dried strawberries and stir the pieces together. 7. Run the ice cream molds under warm water to release popsicles from molds. 8. Coat bars evenly with cookie mixture. 9. Eat immediately or place on a cookie sheet and freeze.
BEER FAMILY LEO LUNCHBOX
MUSTARD PERIDOT POPPY SISTERS
TWINS VACATION WATERMELON ZUCCHINI 3 740-314-4829
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