Helping you take control of your finances and future
There are several reasons why a person may create a trust as part of their estate planning documents. In terms of probate avoidance, some of the reasons are as follows: Privacy: The benefit of avoiding probate is maintaining privacy. Probate is a public matter. Anyone and everyone will be able to see who you... Continue Reading →
Owning a home as a student in school could save you thousands of dollars down the road. I did this very thing while I was in school. I made these particular assumptions very conservative. Having a part-time job that doesn't pay much and isn't an ideal solution to financial stability, so students should keep an... Continue Reading →
Most people understand how and why owning a home is generally a better financial move than renting from a landlord. Owning and renting both come with pros and cons. Being a homeowner has many advantages, however, making additional payments on a promissory note is frequently overlooked as one of those advantages. If your lender allows... Continue Reading →
General Requirements of a Will (ORC 2107.03) Some Ohio attorneys refer to the “SWEPT” requirements that are necessary in order to create a will. S: Signed by the Testator W: Witnesses that saw the testator sign OR in the testator’s conscious presence and at the testator’s express direction. E: Signed at the END of the... Continue Reading →
The story of Christianity is a story of redemption. Being a Jewish tax collector for the Roman Empire, then becoming one of the twelve apostles is quite the redemption story! Matthew (originally, Levi) was disrespected by Romans for being Jewish and hated by Jews for working for Romans. Jesus met Matthew in Capernaum, in a... Continue Reading →
Operating Agreement Having a succession plan for your business is a good idea. When an LLC exists, it’s crucial to have an operating agreement. The terms of an operating agreement will typically trump the terms in a will and the default rules for an LLC governed by state law. In other words, an operating agreement... Continue Reading →
So what happens if you pass away without any type of succession plan for your business?
Both documents are applicable to health care decisions made on behalf of the principal (creator of the document). However, both documents serve different functions and should be considered with care.
If you have received an IRS notice that states you owe money, the first order of business is to read the notice carefully.
What happens when parents pass away leaving a minor child? Unfortunate situations may arise when surviving relatives fight for the custody of a minor child. Or maybe worse, if there isn’t a friend or relative willing to take the role, the child may end up in foster care while the Court determines what to do.... Continue Reading →
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