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...
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...
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...
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...
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...
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...
The first step for people in Ohio who are creating an estate plan might be make a list of all assets. A person who has dependents should take steps to ensure they are cared for as a will can be used to appoint a guardian for minor children. People might also want to...
Certain life changes, such as a divorce or the birth of a child, can prompt a change in a person's estate plan. Despite this, people in Ohio and other parts of the country frequently fail to update their estate plan for these and other types of life changes....
Estate planning involves extra considerations when you are the parent of a child with special needs. If you are not careful when creating your estate plan, you risk having the assets you leave behind disqualify your child from receiving certain need-based government...
Estate administrators in Ohio and elsewhere have a fiduciary responsibility to the beneficiaries of the estates that they oversee. If an administrator fails to act in a beneficiary's best interest, it may be possible to have that person removed from his or her...
