Many people believe that wills, trusts, and powers of attorney (POA) are only needed for people with considerable wealth. Yet every adult should prepare advanced medical directives that allow someone else to make decisions on their behalf if they are injured or seriously ill. As experienced estate planning attorneys, we work with clients to create effective estate plans and offer guidance during the probate process in Ohio. Here are some basic differences between the types of estate planning tools you can use to protect yourself and take care of loved ones after you are gone.
If you are named as the personal representative for the estate of a family member, friend, or business associate, you may need the help of a probate attorney. Here is what you should ask them before choosing to work with them.
In a flurry of activity in December, 2017, the US Congress passed the Tax Cuts and Jobs Act. The Act made big changes to federal tax laws, and may impact your estate plan. The Tax Cuts and Jobs Act (Act) reduces corporate tax rates, has some impact on personal tax rates, and shifts the laws in other areas like gift and estate taxes.
As the Baby Boomers move into the retirement years, many families and children are challenged with providing quality of life, and quality of care, as their family member ages. Due to illness or infirmity, some seniors are unable to live at home, and need the extra help provided in a skilled nursing or assisted living environment. Part of the worry about a decision to move an elderly relative to a nursing facility is the fear they might be harmed, and the concern is sometimes not misplaced.
If you are involved, or a family member is injured, in a semi-truck crash in Ohio, here are some pointers from experienced personal injury attorneys to help you protect your health, and your right to sue.
Physical well being is always the first concern after any kind of accident, especially when vehicles collide. If you suffer an injury as the result of the negligence or recklessness of another person or party, you deserve money damages to help your recovery and provide for future medical and other serious needs.
According to the National Highway Traffic Safety Administration (NHTSA) there were 123 crashes involving large trucks in 2016 in Ohio, the most recent year annual statistics are available. While people are involved in motor vehicle accidents with cars and delivery trucks or vans every day, a crash with a big rig is different.
No matter how complex the issues may be, there are often ways that married individuals can find agreement on how to separate their lives, belongings, and interests. If everything can be agreed upon, the parties can enter into a Separation Agreement. This document is a contract that explains how the parties will separate everything they have together. If this situation involves children, the Separation Agreement will contain provisions about how the parties will continue to parent their children apart or will often be accompanied by a Shared Parenting Plan.
If you are a small business owner and you pass away, what happens to your company? The answer may depend on the effort you’ve put into your estate plan. If you have not left behind an estate plan with elements that focus on your business, your company’s very existence could be put into doubt, especially if you have not prepared any sort of succession plan. Your loved ones will be forced to hire attorneys to get through the probate process and not lose a significant amount of money and assets.
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