Hickman & Lowder Weblog

National Children's Mental Health Awareness Week

Tuesday, 01 May 2012 07:10

kidsNational Children’s Mental Health Awareness Week is May 6 through May 12.  You can find year-round educational seminars near you by visiting the Child Mind Institute website. A child’s mental health may be affected by stress.  Some stress can be beneficial, but if you are concerned that your child is too stressed, you may encourage him or her to take the stress-o-meter quiz.

- Posted by Amanda Buzo

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'Cookie-Cutter' Estate Plans

Tuesday, 24 April 2012 07:23

toy_trainI had the chance to be with all nine of my grandchildren this past weekend and I came away some wonderful memories.  Avery, a sweet young girl of 10, got to spend some time with her very studious cousin, Nate, age 9.  Nate is BIG into trains, which Avery learned in the first 30 seconds of being together.  Her response was very telling of how each of these young people is unique.  Avery told us, "I thought tenders were part of a chicken and that transformers were robots."

This little experience brought home to me how specific any plan for Avery’s future or Nate’s will, and should, be.  In my experience with Hickman & Lowder, I know first-hand that there are no ‘cookie-cutter’ estate plans and that a detailed letter of intent can really help your successors do the best job possible, as you would want.

- Posted by Carol Culley

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What's Going on at Red Treehouse

Friday, 20 April 2012 10:14

red_tree_houseRonald McDonald House and the Ohio Family and Children First Council have entered into a collaborative arrangement to provide information and a resource base for families with children who have chronic illness or disabilities.  The project, called Red Treehouse, offers information on services, contacts, training opportunities and other resources to assist families and professionals.  The information network is being expanded to cover the entire state by April 2013.

- Posted by Franklin Hickman

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Power of Attorney

Tuesday, 10 April 2012 07:22

POAA Durable General Power of Attorney (POA) is a part of virtually every estate plan.  The POA allows the person who signed the document (the “principal”) to designate another (the “agent”) and to empower the agent to transact financial and other business on behalf of the principal.  The main reason to do so is to avoid having to ask the probate court, in an expensive and time-consuming guardianship proceeding, for that authority if the principal becomes unable or incapacitated.

Some estate plans also include living trusts to avoid probate and the need for guardianship, since the successor trustee can manage the assets in the trust if the person who established the trust becomes unable or incapacitated.

What many people don’t realize, however, is that the agent under a POA does not have power to control assets in a trust.

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