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Understanding how your real estate is owned, or “titled,” is necessary because this determines the extent of control you have over your real estate, how susceptible your property is to creditors, and what will happen to it upon your death. Individually One of the most common ways people own real estate is individually. As the…

We all want to provide financial help to our loved ones, but it’s important to understand that how the money is classified will affect your estate planning! Understanding the Differences The intent behind the transfer of the money is key when determining if it will be considered a loan, gift, or advancement. Loan: If there…

5 Things to Consider The holiday season is a time to enjoy friends, family, and loved ones. Often we consider our life circumstances and may get in the spirit of giving. This is particularly true if you are at a point in your life where you have enough from a financial standpoint. If you are…

2020 is fast approaching.  As we all prepare for the holidays and a new year, it is important that we wrap up any loose strings.  Before entering into the new year, here are some things that need to be on your end of year checklist: 1. Make Sure Your Estate Planning is Up To Date…

Welcome Mara and Morgan! We are excited to announce that we have two new additions to our team at Charles H. McClenaghan, LLC! Mara McKenzieMorgan Craig Mara is our new Legal Assistant. Originally from Oshkosh, Wisconsin, she recently moved to Columbus with her fiancé. While trying to convince said fiancé it’s time for a dog,…

Estate planning is not just about what happens to your stuff when you die. It is about coordinating all aspects of your life so that you can be taken care of during times when you are unable to care for yourself, and your money and property are distributed in the way you want. Who Needs…

If you or your grown children are part of a blended family, your estate planning should reflect the special considerations and complexities involved. Identify Your Goals Each family has its own dynamics and priorities—and blended families add another dimension that must be considered as you create or update your estate plan. The decision about whether…

A common misconception is that only wealthy families and people in high risk professions need to have an asset protection plan. But in reality, anyone can be sued. A car accident, foreclosure, unpaid medical bills, or an injured tenant can result in a monetary judgment that will decimate your finances. What Exactly Is Asset Protection…

You may be surprised to learn that not only has asset protection planning been around for a long time, but you likely have already engaged in it at some point during your life. In fact, you probably currently have one or more types of traditional asset protection planning in place. The problem is, in many…