Estate planning is a crucial process that allows individuals to manage their assets during their lifetime and ensure that their wishes are carried out upon their passing. In Ohio, as in many other states, estate planning involves the creation of legal documents that outline how a person’s property and assets will be distributed, who will… Read more »
Estate planning can be a complicated legal process, especially for blended families in Ohio. The complexities of family dynamics, financial considerations, and legal implications necessitate careful consideration and planning to ensure that the individual’s wishes are met while protecting all family members’ interests. In Ohio, where state laws and regulations govern estate planning matters, seeking… Read more »
Take the following example: Parent has $100,000 in an IRA, has two children, and two grandchildren. The parent wants to leave each child 35% of the IRA, and each grandchild 15% of the IRA. However, the company holding the IRA informs Parent that the company’s beneficiary policy requires that all beneficiaries receive an equal… Read more »
Medicaid planning is a strategic approach to arranging an individual’s financial assets and healthcare needs in a way that ensures eligibility for Medicaid benefits. In Ohio, this involves a careful balance of complying with the income and asset limits set by Medicaid while ensuring the senior’s healthcare needs are adequately met. It’s important to distinguish between Medicaid… Read more »
Creating an estate plan in Ohio may seem daunting, but it’s a vital endeavor that holds the key to safeguarding your financial future and ensuring the precise allocation of your assets in accordance with your wishes. While the prospect of crafting your own estate plan may seem tempting, enlisting the expertise of an experienced Ohio… Read more »
Every Ohio adult should have a will that states how they desire their estate to be divided. When a person dies, this document mostly controls what happens to their assets and property. If you do not have a will, surviving family members could be dealing with a complicated legal morass and be unsure who should… Read more »
You have worked for years to build wealth to benefit you and your family. But without proper estate planning, lawsuits and creditors could decimate what you worked so hard to build. Fortunately, several types of asset protection can safeguard your estate from debt. If you have questions about protecting your estate from creditors, the top… Read more »
If you plan to run and operate your business, you must understand many aspects of business law. Business law is a specialty that concerns business operation, formation, and transaction, including issues surrounding liability and taxation. The subject also often deals with managing a business and relationships between owners, vendors, and customers. This article explains the… Read more »
Every adult needs a will. When someone passes away, their will mostly controls what happens to their assets and property. If you do not have a will, your surviving family members may fight over what you worked so hard for, and probate disputes can also occur. Learn more about contesting a will below, and talk… Read more »
Any contract can be considered ‘breached’ when one party refuses to perform as stated in the contract. If this happens, you may be able to sue for breach of contract, including in the case of anticipatory breach of contract. Learn more about this subject in this article, and speak to our Ohio business law attorney… Read more »