An LLC, or limited liability company, is one possible legal structure for a business. Establishing an LLC creates an entity that the law considers separate from the business owner as a person, which may have both tax and liability benefits. Explore the possible...
Month: July 2020
Why and how to identify interested parties in will litigation
When people in Ohio are considering challenging a will, they need to identify who the interested parties are. This includes all the individuals who are named in the will. It is not uncommon for people to underestimate just how many interested parties there may be...
Why young people should consider an estate plan
Young adults in Ohio may want to consider creating an estate plan. They might assume they are too young to do so, but in case a tragedy does occur, it can save their loved ones additional problems. Estate planning is not just about who gets certain assets. It is also...
Benefits of estate planning for business owners
Ohio business owners should explore how estate planning can benefit them and their businesses. Estate plans can detail how a business is to be continued or disposed of after the owner passes away or becomes incapacitated. They can also ensure that anyone taking over...
Understanding the three basic approaches to estate planning
Many people in Ohio think they do not need an estate plan when they do not have extensive financial assets to protect, but the truth is that everyone needs some form of estate plan because of family impact. There are three basic approaches to establishing an effective...
The benefits of creating a living trust
Ohio residents with assets to their name should start thinking about estate planning, even if they don't own anything of a particularly high value. When a person dies, a probate court typically oversees the distribution of the assets. This process can take years to...