The following is a list of questions to help determine if a Trust would be an effective tool to accomplish the desired objective. This list is not exhaustive. Trusts can be created for a variety of other purposes. In order to determine if a trust is indicated for you and your particular concern, contact the… Read more »
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Important Legal Considerations when Starting a Small Business in Ohio
Deciding the type of business you want to run and developing a strategy plan is just the first step of the process. While you have to think of ways about how to survive the competition and establish your name in the market, you need to account for various important legal aspects that can significantly affect… Read more »
Activities of Daily Living: A Brief Discussion
An “Activity of Daily Living” (“ADL”) is a basic activity which an individual needs to be able to perform in order to live independently. There are various lists of these, but they are all short. There is general agreement that ADLs are concerned with personal hygiene, dressing, eating, maintaining continence, and “transferring.” Very often the… Read more »
Estate Planning and Dementia – What Are Your Options?
More than 5 million people in the United States are currently diagnosed with dementia and Alzheimer’s disease, according to a report by the Alzheimer’s Association. This figure is expected to reach 16 million by 2050. Dementia and Alzheimer’s are found in nearly every age bracket, but it has been seen most prevalent in senior individuals,… Read more »
Benefits of a Limited Liability Company (LLC)
Whether you have been operating as a sole proprietorship or are just starting your business, you may want to know about the key benefits of Limited Liability Company (LLC) over other legal structures. An LLC allows you to enjoy a combination of positive attributes of a corporation, partnership, and sole proprietorship, without having to deal… Read more »
What You Need to Know About Revising Your Estate Plan Post Divorce
Whether you are going through a divorce or have just dissolved your marriage, it is essential to revise your estate plan to adjust things according to your changed circumstances. You need to rethink your estate planning goals and revise your plan with new documents. If you put off updating your estate plan, there is a… Read more »
What You Need to Know About Acquisition Agreements
Acquisition agreements are among the most consequential documents for business owners. This agreement is like a contract that lays out the terms and conditions of the purchase of a business by another, and is also used for the merger of two businesses. It consists of multiple documents, such as the purchase agreement, along with others… Read more »
Second Marriage Asset Discussion
Before You Get Married for the Second Time, You Ought to Think About…. It still surprises me that many people spend no time considering property issues before they get married for the second time. Clients in second marriages come to have new Wills drawn. Each partner comes with his/her own idea about how assets should… Read more »
Unforeseen Consequences of the Heroin Epidemic in Northeast Ohio
According the Columbus Dispatch, Ohio leads the nation in opioid (i.e., heroin) overdose deaths. (Source: http://www.dispatch.com/news/20161129/ohio-leads-nation-in-overdose-deaths/1.) According to WKBN (a Youngstown television broadcast station), a growing number of children are losing their parents as a result of the epidemic. (Source: http://wkbn.com/2016/09/20/heroin-epidemic-leaves-growing-number-of-kids-without-parents/.) People my age (I am 57) are being called back into the role of… Read more »
The Role of a Guardian in Estate Planning
When a person is no longer capable of handling their personal or financial affairs, the court appoints another person or entity to take care of these matters on their behalf. A Guardian can be a family member, spouse, parent, relative, or a friend, who will be required to act in the best interests of the… Read more »