Your Trusted Lawyers In Difficult Times
It is easy to think that bankruptcy is only for people with terrible spending habits or people who want to do everything they can to cheat creditors. It is especially easy to think this given how the economy has improved and more people are back to work, which...
Well, yet another client of mine had a death in his family. We talked about the importance of estate planning but never got around to it. Unfortunately, they are another example to go into my book of cautionary tales. A few years ago, I donated a simple will to a...
Insurance is the forgotten side of estate planning. So many focus on the investment side of estate planning and financial planning that they ignore the huge role that insurance can and should play. From my chair, I believe that both life and long term care insurance...
While many people are preparing their taxes in anticipation of receiving a refund, there are some who are toiling in debt who are genuinely concerned about how they are going to pay their federal or state income tax bills. Chances are that these questions come up...
Estate planning is full of terms that most people have vaguely heard of but don’t know what they mean. Knowing what terminology means is important to being an informed person and an informed client. When I was going through my classes to be a high school basketball...
Being appointed as an executor to a love one’s will may be an honorable role, or it could be completely terrifying, depending on your temperament. Outside of that, it is helpful to know what is going to be expected of you in this role. For many executors, it is a...
A major purpose of estate planning is to avoid probate. But what is probate, and why do you want to avoid it? Probate is actually Probate Court. Probate Court is the division of Common Pleas Court, in Ohio, that deals with anything to do with wills, estates,...
If you are nearing retirement or are already in your golden years, recovering from a bankruptcy may be the least of your concerns. However, when debt becomes too much to bear, and extreme measures must be taken to preserve some semblance of wealth through bankruptcy....
In the world of estate planning, “Death Taxes” or more properly called, Estate Taxes, make headlines. What you call these taxes when someone passes away depends on your political bent. Republicans use the phrase Death Taxes while Democrats like to call the Estate...
If one of your New Year’s resolutions was to get out of debt, chances are that you are looking at your income tax refund as a catalyst to help you achieve that goal. Indeed, using the extra money to eliminate some troubling debt can be helpful, especially if the...