How Often You Should Review Your Estate Plan?

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Broadly defined, an estate plan is the process of preparing legal and financial affairs to ensure that you and your family are fully protected. Estate planning is not a static process. An estate plan should be reviewed and revised on a regular basis to ensure that it is fully updated to reflect life’s ever-changing circumstances…. Read more »

Protect Your Assets From Long-Term Care Expenses

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Asset protection is one of the core objectives in estate planning—and long-term care expenses pose one of the primary threats to your assets. The cost of long-term care in the United States is almost unimaginably high. According to data published by the U.S. Department of Health and Human Services, the average national cost of a… Read more »

What Happens to a Decedent’s Debts?

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Widow With Bills

One of the questions I am asked most often is, “Do I have to pay my deceased loved one’s debts?” In Ohio, there are strict rules about the payment of a decedent’s debts. Decedent’s Probate Estate Rule No. 1: The only place from which a creditor of a decedent can be paid is from the… Read more »

Business Law: What is Substantial Performance of a Contract?

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In contract law, substantial performance is a term used to describe a type of performance that, while not complete, is still sufficient to fulfill a party’s obligations under the agreement. In other words, the legal doctrine sometimes allows parties to avoid facing a breach of contract claim even though they technically deviated slightly from the… Read more »