On June 6, 2024, the Supreme Court of the United States decided the case of Connelly v. United States, 144 S. Ct. 1406. The recent ruling has introduced significant implications for closely held corporations and their members. This landmark case revolves around a...
Financial powers of attorney can be important estate planning tools, allowing individuals to designate an agent to make financial and legal decisions on their behalf in the event of incapacity. Under Ohio law, properly drafted financial powers of attorney may help...
Beneficiary designations play a critical role in estate planning, allowing you to direct certain assets to specified individuals or entities upon your death outside of a will. This blog post will examine how beneficiary designations operate in Ohio and why the proper...
Advanced healthcare directives, such as living wills and healthcare powers of attorney, are important legal tools that allow individuals to plan for medical decision-making in the event of incapacity. Under Ohio law, properly drafted advanced directives can help avoid...
Planning for the financial future of a loved one with special needs is a crucial aspect of caregiving. Special Needs Trusts (“SNTs”) are powerful tools designed to safeguard the financial well-being of individuals with disabilities while preserving their eligibility...
Estate planning is an important consideration that everyone could benefit from. For those with an existing estate plan, it should be revisited every several years or sooner if there is a significant life event such as a death, divorce, or marriage in the family, to...
Probate avoidance is one of the most common topics an estate planning attorney addresses. Probate is the court-supervised process through which a deceased person’s assets are administered and distributed to their heirs or beneficiaries. It often involves an...
Owners of family enterprises or closely held businesses are tasked with making critical decisions that will shape the destiny of their company. These decisions are pivotal because they involve determining what will happen to the business in the long term, beyond the...
When meeting with clients, we ask if their parents have estate plans. Many times, there are valuable things that can be done, such as planning for long-term care expenses. Our older clients rarely have long-term care insurance and cannot acquire policies because of...
Often, as parents or grandparents plan lifetime gifts or for disposition of property interests at death, they struggle with deciding whether to employ a trust to manage the transferred assets for the benefit of their loved ones. Depending on the kinds of assets being...
