Akron, OH asked in Estate Planning for Ohio

Q: Can my will give me total control over all of my property?

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1 Lawyer Answer

A: Yes, that is what a will can do. But a will does not control real estate that is subject to a right of survivorship or a transfer on death affidavit, or life insurance and retirement accounts that have beneficiary designations on file, or bank accounts that are jointly owned or have transfer on death designations. A will also does not provide any direction for your property while you are still alive, but unable to care for yourself. For that you need a financial power of attorney, living will, health care power of attorney, etc. And depending on the circumstances of you and those who depend on you, you also might need to consider a trust. So to evaluate your situation, you should consult with a local estate planning attorney who can advise you.

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