One purpose of an estate plan for Ohio residents may be addressing family conflict. This conflict may spring from disputes over property, or it may be a more longstanding interpersonal dispute. Some people might avoid creating an estate plan because of this, but this...
Year: 2017
What a letter of final wishes entails
When an Ohio resident creates a will, there may not be room to include that person's final wishes in the will itself. However, it may be possible to expand upon the testator's thought process or include other notes in what is referred to as a letter of final wishes....
Over building and uncertainty slow commercial real estate deals
Property investors in Ohio have to contemplate many elements, including financing and taxes, before entering a commercial real estate transaction. Growth in the commercial property sector has been strong for six years, but analysts worry that prices have peaked and...
3 legal pitfalls of downsizing your company
Every business owner knows that the economy fluctuates. No matter what industry you are in, you can expect times of great profit and periods that are sparse. In some cases, the latter will necessitate action. You may need to cut costs in order to maintain your...
Start-up company funding not limited to traditional loans
Start-up companies often have variety of capital needs, including investments in equipment, software and office space. Would-be entrepreneurs in Ohio likely wonder where all the money comes from that is needed to grow the profitability of a business. In only 8 percent...
Why commercial real estate may be the better option
People looking to invest in Ohio properties may gravitate toward residential as opposed to commercial real estate. However, there are several reasons why buying commercial real estate may be the better option. First, buyers may find that commercial tenants are better...
Non-probate assets, wills and estate planning
For estate planning purposes, it is important to make sure that an Ohio person's wishes regarding how assets are distributed are reflected in plans for the non-probate assets as well as in the will. Non-probate assets are assets such as life insurance policies and...
Using retirement savings to finance a new business
Gathering the funds required to launch a new commercial venture is often challenging for Ohio entrepreneurs. Banks are generally reluctant to lend large sums when borrowers are unable to prove that they have a steady and reliable source of income, and most business...
Social media and estate planning
Ohio residents may not take their Twitter or other social media accounts seriously. However, it may be a good idea to account for them in an estate plan. If an account is not properly shut down, it could cause unnecessary grief and pain as it continues to exist as a...
You must take quick action to protect your business in divorce
Divorce is often one of the most difficult experiences a person can endure, and this is doubly true for business owners. If you are facing divorce and worried that the settlement process may dismantle your business, you must make some very difficult choices and act...