It's a sad but all too common reality that the largest contributing factor to generational loss of wealth are family members who aren't able or willing enough to communicate with heirs. Although it can be difficult to talk about money, it's important to see an Ohio Estate Planning Attorney and get your documents in order. That way, you can reduce conflict by making your wishes known to your heirs and intended beneficiaries.
How Are Auto Accident Settlements Achieved?
Settlement amounts for car accidents can vary widely based on a number of factors. It all depends on when you settle, what damages you have, how much those damages are, and how well you prove your case.
Can a Trust Own My Business After I Die?
In short, yes. Your trust can own your business after you die. However, there are several factors to consider before you put your business in a trust.
How To Prepare For a Deposition as a Plaintiff in an Auto Accident Case
Your deposition is an important part of your case, but also one of the most intimidating parts. Here we offer some recommendations on how to make the deposition go as smoothly as possible.
The 5 Most Important Questions to Ask When Investing in a Vacation Property
Whether you're in the market for a second home or are already a proud owner, understanding the nuances of ownership can help you get the most enjoyment – and value – out of your property. Here are five things to keep in mind.
What an Irrevocable Life Insurance Trust Can Do for You
An irrevocable life insurance trust is created to own and control a life insurance policy while the owner is still alive, and to manage and distribute the benefits that are paid out at death. An irrevocable life insurance trust can help ensure that your assets are distributed according to your wishes.
When Is the Property Owner Liable for an Injury in Ohio?
Property owners are required to keep a safe environment for their visitors. If you are harmed or injured on someone else’s property, the property owner may be liable to you through premises liability. Common examples of these types of accidents are a slip and fall at a restaurant or a postage carrier falling in your driveway. This article will discuss how to determine whether a property owner is liable when a person is injured on their property.
Am I Responsible for My Spouse's Debt When They Die?
Most Americans have some type of debt. The obligation to pay debts does not necessarily go away when a person dies. While most debts are paid by the deceased’s estate (money and property owned by the decedent at their death), you may be responsible for paying off remaining debts. You should discuss questions about your debt payment obligations and rights with an estate administration attorney or probate attorney.
How to Protect Your Elderly Parents from Financial Exploitation
As parents age and their physical and mental capacities diminish, it's natural for their adult children to step in and take care of them. Sometimes, their caregiver crosses a line into financial exploitation. In this article, we'll discuss the signs that your elderly parent is being manipulated by their caretaker, and what you can do about it.
Update Your Estate Plan or Start Over?
There are many reasons why you may want to update your estate plan. If your life, or the law, has changed since you signed your last will and testament or trust agreement, you need to update your document. You can make updates to a revocable living trust by way of an amendment or a complete restatement of the trust agreement. If you have a will, you can make small changes or updates with a codicil. Making too many revisions can make a document confusing. So, when is the best time to completely re-do your estate plan?