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 »
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Protect Your Assets With Proper Estate Planning
Wealth management and asset protection are important aspects of estate planning. With a well-crafted estate plan, you can put yourself and your family in the best position to preserve your hard-earned life savings. Estate planning must be personalized—the asset protection strategy that works for someone else may not be well-suited for your specific situation. In… Read more »
What is a Buy-Sell Agreement and How Do I Know if I Need One?
Do you own a business with one or more other partners? Whether you are a member of a partnership or you share ownership of a limited liability company (LLC) or a corporation, it is crucial that you are prepared for a day when an owner may have to the company with relatively little warning. A… Read more »
How to Use Estate Planning to Protect Your Home
For most people, the primary residence is the single largest asset that they own. According to a recent report from the National Association of Home Builders (NAHB), homeownership is a key component of household wealth in the United States. A primary residence makes nearly half of the total wealth owned by the median homeowner in… Read more »
Why You Need a Succession Planning Lawyer to Pass Your Business to Heirs
Small and mid-sized businesses are the backbone of our economy. According to data provided by the United States Small Business Administration (SBA), there are more than 965,000 small companies in Ohio. When you create a successful business, you have built something to support yourself, your family, and your community. Passing on business interests to your… Read more »
How to Protect Your Business From Lawsuits in Ohio
For business owners, there are few things more frustrating than facing a lawsuit. According to a recent report cited by Forbes, somewhere between 36 and 53 percent of businesses in the United States are sued each year. Litigation can come from a supplier, a competing company, an employee, a client/customer, an employee, or even a… Read more »
What are the Steps for Contesting a Will in Ohio?
Every adult in Ohio should have a will. When a person passes away, their will largely controls what happens to their property and assets. Without a will, surviving family members can be stuck trying to work out a complicated, unclear situation. At the same time, probate disputes can arise even if there is a will…. Read more »
Why You Need Power of Attorney for Special Needs Children
According to data provided by the Health Resources and Services Administration (HRSA), approximately one in eight American children have special needs. Special needs children require specialized planning, especially when parents are setting up their estate. Here, our Ohio estate planning lawyer explains the importance of setting up a power of attorney for a special needs… Read more »
Should You Keep Old Wills or Destroy Them?
Every adult should have a will. Not only does a properly-drafted will ensure that your last wishes are respected, but it will also reduce the risk that your loved ones end up locked in a dispute. Your will should always be updated to reflect your current needs and desires. In some cases, you may even… Read more »
Do Not Die Owning a Car Unless . . .
I received yet another call today from the daughter of a client for whom I drafted a trust. The daughter had an all-too-common question: Dad owned a car at his death. His daughter’s question was, “How do I transfer the car to my sister?” I asked if her father had the car titled in his… Read more »