Many individuals with special needs receive benefits and services through state and federal programs, including Medicaid and Supplemental Security Income (SSI). As these are both needs-based government programs, a person who has too much cash, property, or other financial assets could lose their eligibility. Preserving eligibility for a loved one with special needs is a… Read more »
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Understanding Contract Law: What is an Anticipatory Breach?
A breach of contract occurs when one party fails to perform their duties under a binding agreement. In contract law, an anticipatory breach is the preemptive repudiation of a contract — it happens when a party clearly demonstrates they are unable or unwilling to perform to their contractual responsibilities. When a contract has been repudiated,… Read more »
Estate Planning in Ohio: What is Medicaid Planning?
Nursing home care and long-term care are extraordinarily expensive. The United States Department of Health and Human Services (HHS) reports the average cost for a room in a licensed nursing home now runs in excess of $7,698 per month. Even part-time assisted living care can cost tens of thousands of dollars per year. With such… Read more »
How to Choose the Right Tax Entity for Your Business
In order to truly thrive, a business needs the proper foundation. If you are forming a new company, you need to choose the right legal structure for your business. Selecting the best tax entity is crucial—it could save you (or cost you) thousands of dollars each year. In this article, our Northeast Ohio business formation… Read more »
Estate Planning in Regards to Digital Assets, Frequent Flyer Miles and Much More
The modern world has changed estate planning in some important ways: Preparing for what will happen to your ‘digital assets’ is extremely important. Here, our Northeast Ohio estate planning attorney provides an overview of digital assets and explains key things you need to know about digital assets and estate planning. What are Digital Assets? A… Read more »
Four Tips for Ohio Businesses Negotiating With Independent Contractors
Many companies rely on services provided by independent contractors. According to comprehensive data published by the United States Department of Labor (DOL), approximately 10 percent of the American workforce is currently made up of individuals classified as independent contractors. If your company works with independent contractors, you may want to put a written agreement in… Read more »
Is It Time to Choose a New Executor?
What is an Executor? An executor is an individual who carries out the instructions in the Will a deceased person leaves. The duties and responsibilities of an executor are complex – even if the Will gives explicit written instructions. An Executor must follow the right procedures. This can take several months, depending on the property… Read more »
Are You a Startup Seeking Funding? Watch out for These Mistakes
Startups are a good way to capitalize on your investment, but you must tread carefully when it comes to conveniently funding your startup. Funding for new startups flows more freely than ever, but at the same time – the multitude of startup ventures keeps the market in a stable competition for growth and market share…. Read more »
Differences in Estate Planning VS. Legacy Planning
Thinking about our future is human nature. For when we pass on, we particularly want to look out for our families and children. Estate planning and legacy planning are two different ways for you to think about and securing a future for your family. Here are some of the most important differences between estate and… Read more »
Business Law: Non-Compete Agreements for Employees
When you are in a business, several agreements and contracts shape how you operate. These contracts and agreements define relationships with your employees, third-party suppliers and other stakeholders. One such contract is a non-compete agreement, a commonly used contract that prohibits employees and other stakeholders from joining rival firms or starting a business venture similar… Read more »