As a property owner in Westerville, you have to deal with the city if you wish to develop a home or a commercial building. The city’s zoning laws will be of special concern. Zoning organizes the community into specific districts based upon the intensity and use of...
Year: 2021
Managing one’s potential estate tax liability
An Ohio resident embarking on the estate planning process may quickly realize that several potential liabilities await following their deaths. The cost of probate administration along with the need to settle unpaid debts cuts away at the assets one has to pass on to...
Include these 3 components in a simple estate plan
Many adults across Ohio do not yet have estate plans. If you are among them, you may have put it off thinking you do not have enough time or, possibly, enough assets to make it worthwhile. However, an estate plan does more than dictate where your belongings go after...
What estate planning mistakes should you avoid?
When creating your estate plan, it is important to understand that this is a time-consuming process. Many people spend months creating a plan that suits their needs, and the more complex your assets are, the longer it will take. You can help eliminate some of the...
Working with creditors to settle the estate
When you serve as the executor of the estate, one of your tasks is to pay the debts of the deceased. You may not always know the fine details of your loved one's finances, but there are several steps that you can take to handle these debts. You typically have to put...
Overlooked assets and issues in estate planning
Now that you are in the final stages of creating your estate plan, you may think you have everything covered. The house. Check. Guardian for your children. Check. Motor vehicles. Check. The distribution of your assets. Wait. There may be certain things you overlooked....
How can you include your art collection into your estate plan?
Creating an estate plan may feel overwhelming at first, especially when you have a lot of assets to consider. When it comes to your estate plan, you need to account for all of your assets, including any collectibles and art. If you have an art collection, Bank of...
What are the guidelines for a municipal credit card use agreement?
When a municipality has a credit card, monitoring and managing its use is imperative. The money spent on a card belongs to the people, so spending cannot happen without strict guidelines and rules. The Legislative Service Commission explains any Ohio municipality with...
How do you stop a will contest before it happens?
A will contest involves someone taking your will to court in order to have it invalidated. This would render all of your hard work on your estate plan null, and create additional headaches and strife for your beneficiaries and family members. Needless to say, this is...
Estate planning after your divorce
While you may have had a solid estate plan in place prior to your divorce, the circumstances surrounding your ending marriage may force changes to your long-term plan. Refiguring your plan to accommodate your needs will take time and patience. Proactive planning can...