Many Ohio residents take a rather narrow-minded approach when it comes to estate planning. They focus almost exclusively on the creation of wills and trusts, and forget to give thought to the more personal aspects of an estate plan. The result can be an effective...
Your Trusted Lawyers In Difficult Times
Month: July 2015
How a spouse’s death can complicate Medicaid
For many Ohio families, estate planning focuses on the transfer of assets from one generation to the next with provisions put into place for a surviving spouse. It is difficult to plan for every possible set of circumstances that might arise, but families should...
IRS could end powerful estate planning option
In the effort to shield assets from excessive taxation both during and after an individual’s life, some in Ohio turn to limited family partnerships. This little-known estate planning tool can give families the flexibility needed to retain control over their...
Helping elderly veterans with benefits issues
When a person is in their elderly years, they may be facing having a lower income due to no longer working. At this same time, they may also be facing new types of costs, such as nursing home costs and new medical costs. Thus, every possible stream of income can be an...
Chapter 7 bankruptcy and medical debt
For millions of Americans, medical debt poses a serious financial issue. An unexpected illness or injury can throw an individual or family into serious financial turmoil, and the result can be damaged credit, increased stress and the inability to attain new lines of...