Some Ohio residents who are creating an estate plan might just think of it in terms of leaving assets for family members. However, estate planning can be approached as legacy planning, and the ideas that underpin this are old ones. One 15th century play involves a...
Year: 2017
Issues to consider before signing a commercial lease
Getting your new business off the ground can be an exciting yet challenging endeavor. Finding the right premises is an essential part of this process. However, before you sign off on your new lease, there are a few matters you should think about. Ohio landlord-tenant...
How to deal with digital assets in an estate plan
As one of the states that have adopted the Uniform Fiduciary Access to Digital Assets Act, Revised (RUFADAA), Ohio offers protections for fiduciaries that allow them to access a dead person's digital assets. In the past, a fiduciary had access to a person's financial...
The benefits of a charitable trust
When going through the estate planning process, Ohio residents often consider charitable giving. The concept is beneficial for several reasons. First, it is a morally benevolent thing to do. In addition, for those with larger estates, the charitable deduction can help...
Difficulties with obtaining venture capital
Ohio entrepreneurs may have trouble with finding venture capital for their startup businesses. Aspiring business owners may face several limitations when they are searching for capital funding. Fortunately, there are alternatives that people can use to get their...
Estate planning as part of a legacy
Some people in Ohio may have heard the phrase "legacy planning" used interchangeably with "estate planning" or wondered what the difference in the two is. They might be uncomfortable with the term "legacy planning" because it seems to imply something grander than...
Commercial real estate tips for investors
There are multiple factors that should go into making decisions about commercial real estate investments. Ohio investors may benefit from learning about some commercial economy and real estate market trends and forecasts that can affect their investments....
Tips for writing employee manuals/handbooks
Perhaps your business has finally grown to the point that you see a need for employee manuals/handbooks to ensure everyone is on the same page. Congratulations on the business growth! Of course, preparing such a document can seem daunting. Your concerns may be what to...
Reducing the odds of estate plan complications during divorce
During a divorce, it may be a good idea for Ohio residents and others to review their estate plan. Failing to do so could result in having an unintended beneficiary to one or more assets. For instance, if a former spouse is named the sole or largest beneficiary to a...
Reasons to have a will
Regardless of how much property they may own, Ohio adults should have a last will and testament. Having a will is necessary, even if one owns only a vehicle or a checking account. Having a vast estate is not a requirement for completing a will. Wills are intended for...