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  1. Basic Estate Planning: Giving

    giving. For example, The Ohio State University Office of Gift Planning (1-800-327-7907) is a great ... have been possible. There are also nonmonetary benefits to giving. Most of us make charitable ... other heirs, or charities. All of these gifts have their place and are important tools in estate ...

  2. Basic Estate Planning: Introduction

    if you are uncomfortable with any of your money being worth less than it was before at any given ... answers at the end of the fact sheet. Please feel free to contact us if you have questions, concerns, or ... objectives include arranging for the well-being of your loved ones and yourself while you are living and ...

  3. Basic Estate Planning: Letter of Instruction

    of your property disposition are not now in order, decide now and consider communicating them, at ... instruction. 4. If there are items of yours that you think more than one of your children or heirs would like ... question asks if you have "done your best." Surprises in the will or letter of instruction are ...

  4. Basic Estate Planning: Life Insurance

    both spouses are alive. If the policy is paid into a trust upon death, it will avoid Ohio estate tax at ...      False 5. If you are shopping for life insurance, which of the following are important considerations? a. ... savings accounts and certificates of deposits. 5. If you are shopping for life insurance, which of the ...

  5. Basic Estate Planning: Medicare and Medigap

    Medicare-approved hospital charges for at least 150 continuous days in a hospital. If you are in and out of the ... $214,000. 2011 Yearly Deductibles Part A: $1,156 each time you are admitted to the hospital in each 60-day ... A benefit period begins when you are admitted and ends when you have been out of the hospital or skilled ...

  6. Basic Estate Planning: Miscellaneous Issues

    death and the farm is worth $3,000 per acre at the death of your children. If you gave the farm to your ... tax purposes at the death of your children. On the other hand, if you gave the farm to ... Program (AEPP) offered by the Ohio Department of Agriculture (ODA) is at most a 75% purchase and at least ...

  7. Basic Estate Planning: Sale of Residence

    you are. Therefore, you might end up paying close to the face value of the policy in premium payments. ... residence for a term of years; at the end of the term, you pay rent to the beneficiaries named in the trust. ... will be of most interest to you if selling your home during your lifetime is a consideration. Also ...

  8. Basic Estate Planning: Tax Basis if Property Is Transferred

    planning tactics. We are now ready to discuss some of the finer details of estate planning. Property can be ... value of property is called capital gain. In the past, every dollar of capital gain was taxed at the ... gains that were taxed at 28% are now taxed at only 15%. To qualify for the reduced rate, the assets sold ...

  9. Basic Estate Planning: The Nursing Home Dilemma

    full-time nursing care at home is not covered, nor are drugs or meals delivered to the home. You pay 20% of ... recommend long-term care insurance unless the following are true: • You have assets of at least $75,000 not ... bills. At some point in their stay, almost two-thirds of Ohio's nursing home patients are covered by ...

  10. Basic Estate Planning: Trusts

    state, assuming your primary residence and the majority of the assets you own are in Ohio. True_______ ... another state, assuming your primary residence and the majority of the assets you own are in Ohio. True__ ... for stocks, bonds, other securities, real estate, and automobiles. Unfortunately, the laws of Ohio are ...

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