Since administrating an estate can be a laborious process, executors are permitted to receive compensation for their efforts. Sometimes a decedent has already worked out payment methods for an executor in a will, but if this is not the case, Ohio law will dictate how...
You may think of estate planning as something you can do at a later time and which does not need much thought, as your assets are fairly simple. However, it is better to determine now who you want to acquire your belongings in the case of an unexpected event, such as...
Planning for the future of your loved ones is one of the most important things you can do in your lifetime, and it should be something that you give the utmost care and attention to. Many people in Ohio have been using “do-it-yourself” estate planning services on the...
Estate planning for parents often includes doing what is best for their child. When working on your estate plan in Ohio, you have to think about your children’s future. There is a lot to consider in regards to your child’s well-being. This includes inheritances,...
The loss of a loved one can be devastating for families in Ohio and elsewhere. Like many in this situation, your grief may be further complicated by concerns over settling your loved one’s affairs. Depending on the assets your loved one left behind, however, his or...
If you have taken the step of setting up an estate plan in Ohio, you are already steps ahead of many people who are unprepared for illness or death. An estate plan is not just for an older person, but is important for those who have excessive assets, those who have...
The movies will have you believe that you can contest a will simply because you dislike the terms, but that is not the case. To contest a will, you must have a valid reason or reasons for doing so. The Balance explores a few of the more common grounds for contesting a...
An LLC, or limited liability company, protects your personal assets from legal judgments and collection actions against your business. This type of legal business structure may also provide tax advantages. Ask yourself these questions to determine whether your small...
Running a municipality in Ohio is a tough undertaking. You must do what is best for your city and your citizens. Whether you are working as the mayor or part of a city council, the responsibility is huge. It is important that you have the ability to make hard...
It is only natural to feel honored and want to help if a loved one asks you to serve as executor of his or her estate. However, this can be a time-consuming role and taking it on comes with great responsibility. Therefore, it is important to understand the obligations...
