Posts By: admin
When Do Two Businesses Form a Legally Binding Contract?
If you run a small business that deals with other businesses—and that presumably describes all businesses—it is essential to understand how the law affects your relationships. For example, if your business wants to work on a project with another company, what type of legal agreements do you need? Is an oral agreement and a handshake… Read more »
How Estate Contests Work in Ohio
Contesting a will is not an easy process. Under Ohio law, a will admitted to a probate court is presumed valid, and anyone contesting such validity bears the burden of proving otherwise. Common grounds for contesting a will include forgery, discovery of a superseding will, or evidence of fraud or undue influence. Will Contest Goes… Read more »
What Happens When Your Will Fails to Name an Executor?
An important part of making a will is naming an executor to carry out its terms after you are gone. It is essential not only to nominate an executor, but one or more alternates who can act if your first choice either predeceases you or is unavailable to serve for some other reason. If your… Read more »
The Importance of LLC Operating Agreements
Many Ohio small businesses are organized as limited liability companies (LLCs). An LLC combines the legal liability protection of a corporation with the tax benefits of a sole proprietorship or partnership. In addition to filing an Articles of Organization with the State of Ohio, most LLCs also have an “Operating Agreement,” which is a contract… Read more »
Using a Living Trust to Avoid Probate
When setting up an estate plan, most people’s thoughts go straight to drafting their will. While setting up a will is the right choice for many people, it is not the only option for making final arrangements for one’s property. One of the biggest issues with wills is that they are required to go through… Read more »
Proving Undue Influence in an Ohio Will Contest
Probating a will is always an emotionally charged experience, but the stakes can be even higher if there are concerns about the validity of the will. One common issue related to a will’s validity is whether the person who made the will was actually making the will that they wanted, or whether they were operating… Read more »
Hope for the Best and Plan for the Worst: Documenting New Business Relationships
Starting a new business venture can be an exhilarating experience. Confidence and optimism abound at the start, and many teams of founders feel like the sky is the limit. In fact, such relentless optimism has been repeatedly documented as one of the most important keys to founding a successful business. However, that optimism can cause… Read more »
Choosing a Trustee
Trusts are flexible estate planning tools that allow people to have their assets used for a specific purpose or in a specific way both during their lifetime and after they have passed on. This is accomplished through the use of a trustee, who manages the assets based on the directions in the trust document for… Read more »
How Everyone Can Benefit from Estate Planning
For a lot of people the term “estate planning” conjures up images of complex trusts and pages of legalese that no one can benefit from without a seven-figure income. While estate planning can be used like that, the field is actually much broader and it can solve problems that people of all income levels face…. Read more »