You are ahead of many people if you have already written a will. When did you draft your will, and when was it last reviewed? Read below about how to update and check your will. Next, call our Trumbull County estate planning attorneys at the Law Office of John C. Grundy for assistance. When Should… Read more »
Many parents with disabled children worry about how their kids will survive when they are no longer here to support them emotionally and financially. But, unfortunately, leaving money to your child with autism may prevent him from receiving assistance from Social Security’s Supplement Security Income and Medicaid. Most beneficiaries in these programs only have a… Read more »
People who intend to leave their estate to heirs are often concerned about tax issues. However, after years of hard work, the last thing you want is to expose your assets unnecessarily to tax authorities. Fortunately, estate planning with life insurance and annuities can help to shield some of your assets from taxation. Below are… Read more »
An estate is broadly defined as the collective value of all property, assets, and liabilities that are owned, controlled or owed by a person. When someone passes away in Ohio, their estate may be required to go through the probate process. It is possible to avoid probate, and our estate planning lawyer can help you… Read more »
Senior citizens and other older Americans have unique legal needs. As noted by the Ohio Department of Aging, elder law is a specialized practice area that is focused on the issues facing older adults. Planning is critically important. With the right legal structure in place, you can protect yourself, your family, and your assets. Here,… Read more »
According to data provided by Small Business Trends, more than 10,000 businesses are sold nationwide each year. The purchase or sale of a business is one of the most complicated transactions. Proceeding without experienced legal representation could be a big (and costly) mistake. Here are three reasons why you should always work with an attorney… Read more »
Financial planning is a big part of estate planning. If you are an older adult who owns a home, you may be considering using a reverse mortgage as part of your estate plan. Whether or not a reverse mortgage is a sensible option depends on many different factors. There are both pros and cons to… Read more »
Asset protection is an important part of estate planning. A well-constructed estate plan can help you protect your assets from creditor claims and other lawsuits. Notably, annuities and other retirement accounts are among the most effective creditor protection tools available. In this article, our Cortland estate planning attorney explains the key things to know about… Read more »
Common-law marriage is a legal framework whereby a couple could be considered “married” based on the length of their relationship and the representations that they make to friends and family—even without a formal marriage license. The National Conference of State Legislatures (NCSL) notes that only eight states still actively recognize common-law marriages. Ohio is no… Read more »
Sometimes I hear, “Why do I need a lawyer to create an LLC? I can do it myself.” While it is true that a person might be able to file the document required to create an LLC, that alone does not create the LLC. A record of the formation process needs to be created –… Read more »