Justin C. Miller Esq. 2025-05-14T06:39:58Z https://www.millerlegalohio.com/feed/atom/ WordPress /wp-content/uploads/sites/1600243/2020/06/cropped-Site-Icon-32x32.png On Behalf of Justin C. Miller Esq. https://www.millerlegalohio.com/?p=46854 2020-06-16T17:02:28Z 2018-10-02T16:58:37Z

writing a will is naming the executor. The executor is responsible for guiding the estate through probate court, and it is important to choose someone who is reliable, trustworthy and responsible. Sometimes disputes begin when a person thinks the executor is stealing funds. In other cases, the problems start when the executor fails to follow up on responsibilities or even answer emails or phone calls. Serving as an executor is a skilled job, so it's important to choose someone with the right outlook. In addition, while people may put a lot of attention into how their bank accounts or investments are allocated after death, many may think little about less valuable items of personal property. However, these sentimental items can lead to disputes when there is no clear way to settle who gets what. Parents can make a list of these items and store them with their estate documents in order to help avoid future conflict. People thinking about the future can provide a clear path for their loved ones by making a plan for their assets. An estate planning lawyer might be able to help them to create key documents like wills, trusts and powers of attorney in order to carry out their wishes.]]> On Behalf of Justin C. Miller Esq. https://www.millerlegalohio.com/?p=46855 2020-06-16T17:03:59Z 2018-09-24T17:02:58Z

estate planning is: for example, people who have separated but not formally divorced from a spouse. Under state law and without any documents to the contrary, that legal spouse will inherit all or at least half of the estate. However, it can be important even when people have positive relationships with their spouses and children. In order to thrive, a business needs dedicated ownership. Estate planning for a small business owner should include a will and a succession plan for the future of the business. In addition, if there are business partners, a buy-sell agreement should make clear how the other partners can keep control of the corporation. Other important factors can include disability insurance and life insurance, which can provide critical funds to help the business get through the transitional period. Small business owners have a lot to think about when it comes to the future of their enterprises. By working with an estate planning lawyer, they may develop comprehensive plans and critical documents including wills, trusts, healthcare directives and powers of attorney.]]> On Behalf of Justin C. Miller Esq. https://www.millerlegalohio.com/?p=46856 2020-06-16T17:04:48Z 2018-09-18T17:04:11Z

power of attorney and healthcare proxy in the event of medical emergency. If the designated person has passed, or it leaves an absence regarding a secondary choice, prudence mandates revisiting these documents. Likewise, it is important to execute proper health and medical record release forms to document the potential need for a healthcare proxy or other eventuality. If a spouse dies and leaves surviving children in a blended family, attention must be paid to the remaining estate plans related to the children of the deceased. Without proper wording, stepchildren could be forgotten if the surviving spouse is the sole heir and leaves everything to his or her biological kin. The death of a spouse should also bring attention to life insurance policies and investment accounts requiring beneficiaries. While there may be a secondary beneficiary listed that gets bumped up the list, an additional secondary beneficiary may need to be appointed. Estate planning is rarely an exciting prospect, but it is an act of diligence that makes things much easier after death for surviving loved ones. Consulting a qualified and experienced estate planning attorney may help provide comfort and peace of mind regarding all end-of-life decisions.]]> On Behalf of Justin C. Miller Esq. https://www.millerlegalohio.com/?p=46857 2020-06-16T17:06:00Z 2018-09-16T17:05:01Z

1. Start with terms First, prepare a term sheet to take to your meeting. You do not have to get into the weeds of the agreement here, just list the major points that you feel should be included in the contract. This gives you something to work with as negotiations commence. 2. Decide what you want Some people enter negotiations not knowing what it is they really want from the deal. Do not go down this path. You should have a clear idea of your goals and what you expect to gain from the agreement. 3. Recognize that this is the starting point The first meeting is for talking and reviewing, getting a feel for what is to come. It is just a starting point. If there is something you do not understand, it is perfectly fine to request clarification. There may be a need to refine the way the contract is written. You and the other party may want to discuss asking an attorney to polish some of the language or insert the kind of language the contract should have. 4. Keep a good attitude When you sit down with the other party or parties, keep a good attitude, remain positive and be reasonable. The impression you make on others will be important to the success of the negotiations. 5. Consult professionals Depending on the nature of the contract, you may want advice from professionals, such as an accountant or an investment counselor. Remember that contracts are binding and that they can be used in court to enforce the rights of one party or the other. Once the negotiations are finished, remember one final tip: Do not sign any contract or agreement until it is reviewed by an attorney.]]> On Behalf of Justin C. Miller Esq. https://www.millerlegalohio.com/?p=46858 2020-06-16T17:07:05Z 2018-09-11T17:06:26Z

will, his or her belongings will be distributed according to state law on intestacy. People who are young, single and have no children are most likely to see their assets pass to their parents if they die intestate. While many people in this category may be happy to leave behind their goods to their parents, a will can speed along the process and prevent unnecessary disputes and lengthy processes. However, a will is not the only estate document that is important for young people. Two of the most important documents that everyone should have in place are a durable power of attorney and an advance medical directive. A power of attorney names a person to manage financial matters on a person's behalf in case he or she is incapacitated. An advance medical directive lays out a person's wishes for the end of his or her life, especially about life support measures and what kind of measures should be taken in case of permanent incapacity. Young people may realize how important it is that their wishes are made clear in case of an unexpected emergency. An estate planning lawyer can help a client develop key documents like a will, trusts and powers of attorney to provide for loved ones in the future.]]> On Behalf of Justin C. Miller Esq. https://www.millerlegalohio.com/?p=46859 2020-06-16T17:08:01Z 2018-09-07T17:07:19Z

sending cold pitches that are impersonal. If people send emails that are impersonal, they are unlikely to attract the attention or interest of a venture capitalist. People should take the time that they need to personalize their pitches. For example, they might want to get to know another founder that was funded by the investor to try to secure an introduction. Another error that founders make is making inaccurate claims during their fundraising pitches. People should never state something to try to engender interest unless it is true. Some venture capital firms also pass on companies because they dislike the proposed terms. People who are told that their startups are being passed over for this reason should ask for specifics and use those as a basis for negotiating. The founder of a startup company may find the fundraising process to be complex and confusing. When founders are getting ready to engage in their fundraising rounds, they might benefit from consulting with experienced business law attorneys who can assist their clients with creating their pitches and identifying investors that might be good matches for their companies. They may negotiate the terms of a potential investment to try to make them favorable for their clients. The attorneys may also help their clients with a variety of legal issues such as regulatory compliance and entity formation so that their clients might have strong liability protection while also avoiding potential pitfalls that could be costly.]]> On Behalf of Justin C. Miller Esq. https://www.millerlegalohio.com/?p=46860 2020-06-16T17:09:05Z 2018-08-29T17:08:22Z

estate plan should review it every few years to ensure that it still meets their needs. Life events such as a birth, marriage or death can also be good times to check over estate plan documents. The reason why many people don't create wills or trusts is because they don't want to think about their own mortality. This is why referencing what happened to Aretha Franklin or Prince can be so important. It provides an opportunity to talk about estate planning in a way that may not feel so morbid or overwhelming to an individual. Creating a will or trust may reduce the risk of litigation or other legal issues that can plague an estate after a person dies. With a trust, it may be possible to avoid probate altogether. Trusts also allow for assets to be transferred in a private manner, which may further reduce the chances of a legal challenge. An attorney could work with a client to create a plan or review any documents that have already been created.]]> On Behalf of Justin C. Miller Esq. https://www.millerlegalohio.com/?p=46861 2020-06-22T07:34:25Z 2018-08-22T17:09:16Z

business law attorney may advise company owners about what legal steps should be taken to ensure that there is a smooth succession transition. Legal counsel could help draft a succession plan that will maintain the viability of the business.]]> On Behalf of Justin C. Miller Esq. https://www.millerlegalohio.com/?p=46862 2020-06-16T17:10:49Z 2018-08-16T17:10:12Z

trusts can be created in order to transfer wealth to minor children over the years. Parents may also want to consider additional documents that can help to protect their children in case their parents die suddenly or unexpectedly. One type of document can make clear information about emergency contacts, funds for the children and short-term guardianship plans. This can help to avoid the child entering temporary state custody and prevent additional trauma. When people become parents, they may have many more things to consider, and planning for the future can be one of those newly critical priorities. An estate planning lawyer can help people to create the key documents that can provide them with peace of mind and their beneficiaries with security.]]> On Behalf of Justin C. Miller Esq. https://www.millerlegalohio.com/?p=46863 2020-06-16T17:12:24Z 2018-08-13T17:11:09Z

partnerships involve having more than one person in charge, it is important that your partnership agreement clearly stipulate everyone’s specific duties, responsibilities and stake in the company. The more detailed and thorough your partnership agreement is, the lower your chances are of having to litigate any business disputes that may arise down the line. So, when crafting your partnership agreement, make it a point to include the following: Ownership and distribution details It is critical that your partnership agreement detail exactly how much stake each partner has in the company. It is also wise to include comprehensive information about each partner’s specific responsibilities with regard to hours, clients and so on. Similarly, you will want to include salary information for each partner, and you should also set guidelines in your partnership agreement about how to divide your business’s profits between or among partners. Decision-making authority Chances are, even if you and your partner or partners enter into business together with a similar mindset and plan for your company, situations inevitably arise where you will disagree, and someone will need to have the final say. Adding information about who has decision-making authority when differences of opinion exist is a solid way to reduce potential conflict among partners. Dissolution information Another important aspect of a partnership agreement involves adding information about what steps you would take, should you want to end the partnership entirely. You will need to develop an understanding of Ohio’s laws regarding business dissolution when crafting this part of your agreement. While drafting your partnership agreement can take time, it is an essential step for people who want to protect their rights within a shared business.]]>