Planning for the future is one of the most important steps you can take to protect your loved ones and make sure your wishes are honored. In Ohio, creating a comprehensive estate plan goes beyond simply drafting a will. It involves a coordinated strategy that addresses your assets, healthcare decisions, and potential tax implications.
When planning an estate, one effective strategy to reduce estate taxes is through gifting. Gifts can be an important part of an overall estate plan, allowing individuals to transfer wealth to beneficiaries while reducing the taxable value of their estate.
The Death Tax Repeal Act of 2025 (“DTRA”) aims to eliminate estate tax entirely. Supporters argue it would remove unfair double taxation. Opponents argue tax revenue will need to come from different sources, possible adversely affecting middle and working-class folks. Let's explore what it could mean for your estate.
Spring Break is fast approaching for many school districts here in Central Ohio. Amid the excitement of booking flights, reserving hotels, and arranging thrilling activities, one crucial aspect of travel planning is often forgotten: preparing a Kids Protection Plan to ensure the safety and care of your children should an unexpected event occur.
We often find that many Ohio residents have misunderstandings about trusts. These legal tools provide significant advantages for estate planning, yet misconceptions prevent individuals from fully utilizing them.
At the Law Offices of DuPont and Blumenstiel, we work with individuals and businesses throughout Ohio to protect their wealth from unforeseen risks. Asset protection is more than just a strategy; it’s an essential approach to preserving what you have built.
Estate taxes are often misunderstood, which creates a major roadblock to effective planning. Many people fail to prepare properly due to misinformation or a false belief that estate taxes don't apply to them.
Trusts can provide protection for your beneficiaries, help reduce taxes, and allow for your assets to be distributed according to your wishes. However, not all trusts are created equal, and choosing the right one for your estate plan requires careful consideration. In this article, we’ll explore 5 different types of trusts that we commonly draft in our office, as well as their advantages and limitations.
Advance directives are legal documents that allow individuals to outline their healthcare preferences in advance, should they become unable to communicate or make decisions for themselves. These documents are often used in situations where a person faces a serious illness or injury, leaving them incapacitated.
Gun trusts are legal entities designed to hold firearms and related assets while staying in compliance with federal and state laws. In Ohio, understanding gun trusts is crucial for responsible firearm ownership.
