Ohio residents trying to plan their estate without the assistance of an attorney may wish to reconsider that decision. While the use of DIY legal documents has become popular for wills, trusts and powers of attorney, it also comes with risks. Documents used in estate...
Year: 2017
Handling unusual final arrangements
Many Ohio residents aren't concerned over family members or friends granting their final requests. However, some may want some guarantee that a final wish will be carried out even if it is unusual. For instance, there is a story involving the inventor of the Pringles...
Commercial real estate loans now have higher standards
Entrepreneurs in Ohio who are interested in obtaining a loan so that they can purchase a property might have to face higher standards to get approved. The Federal Reserve reported that commercial real estate loans were more tightly restricted in the second quarter of...
The use of beneficiary designations
Ohio residents can designate loved ones to be beneficiaries of accounts such as life insurance policies and IRAs. They should carefully consider their designations and should know what should and should not be done. Emotion may play a significant part in how investors...
Businesses and estate planning
Ohio business owners should have certain documents on hand in the event certain decisions regarding their company have to be made in the future. These documents, which can include a living trust, a financial power of attorney and a last will and testament, will help...
Uses and types of irrevocable trusts
Ohio residents who are planning their estates might want to consider creating an irrevocable trust. While an irrevocable trust has a disadvantage over a will or revocable trust in that it cannot be changed, there are a number of advantages to it as well. Furthermore,...
Estate planning pitfalls to keep in mind
When Ohio residents are planning their wills, there are a few key areas that are important to consider in order to make sure a will holds up in court after death. Estate planning can be complicated, and it can be critical to be aware of a number of factors that go...
The benefits of an estate plan
Many Ohio couples live together but don't get married. However, just because someone doesn't have a spouse or children is no reason to avoid creating an estate plan. In fact, it may make it more important to create one. For example, if a person is incapacitated and...
Involving family in estate planning
Ohio residents who are preparing their estate plan should not neglect the step of talking to their family members about it. In many cases, despite careful planning, assets are lost and conflicts are serious after a person's death. Therefore, communication can be as...
A proposed tax law change could influence CRE projects
Commercial real estate developers in Ohio and around the country generally base their decisions on market data, experience and intuition, but their actions are also influenced by the nation's financial regulations and tax laws. Financial experts have paid little...