Operating a business requires maintaining pristine relationships with stakeholders, and is as important as selling your products and services to profit. Interactions with everyone, from vendors and customers to employees, contribute to your business’s success. However, there are situations that give rise to different types of disputes. While both parties may come up with a… Read more »
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Understanding Intestacy: What Happens If You Die without an Estate Plan?
Whether you are single, married, or have children, it is important to have a will that dictates what happens to your property and assets after you pass away regardless of the size of your estate. But, what happens if you die without writing a will or establishing an estate plan? How do courts distribute property… Read more »
Understanding Fiduciary Duties in a General Partnership in Ohio
Entrepreneurs and business owners enter a partnership because of the convenience and benefits it offers in running the business. When you form a partnership, you and your partner(s) owe several types of fiduciary duties to each other, ensuring honesty and good faith in transacting partnership business. This establishes a legal and ethical relationship between you… Read more »
4 Reasons Why You Need Legal Help with Estate Planning
Not many people consider getting legal help when they’re estate planning, largely because they believe that people will follow what has been described in the will without question. But the truth is, making a will isn’t as simple as putting your name down on the dotted line and then believing in the legal system to… Read more »
Why Would I Need a Trust?
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 »
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 »