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Deed You Know…

Joint estates allow two or more people to own title to real property at the same time. It is important to make sure you have the right form of ownership for your property because the form of ownership affects how the property is transferred to someone else. When a property owner dies, determining the ownership…

Surviving the Milestone: The Legal Side of your Child’s 18th Birthday

Turning 18 is a significant highlight as your child steps into his or her adulthood. The 18th birthday milestone carries a lot of great privileges as well as serious legal implications; When your child turns 18, they will become an adult in the eyes of the law. Your child will gain all the rights and…

Going to the Fair? Don’t get booted!

If you are planning to head to the Ohio State Fair this year make sure that you are wearing shoes or you may end up like Robert Neinhast. Robert Neinhast, who runs a blog that focuses on, amongst other things, him going places barefoot, was ejected from the Ohio State Fair on August 9, 2008…

Do You Have a Child Attending College?

Do you have a child attending college this fall or has recently turned 18 years of age? If so, you may be surprised to learn that while you may be footing the bills, your child is now a legal adult with rights to their own privacy, decision-making, etc. This means you have no legal right…

What is the Real Cost of Probate?

Below is Ohio Revised Code 2113.35 which establishes the fees which an Executor of an estate will be paid. Proper planning can significantly reduce or eliminate these fees. 2113.35 Commissions. (A) Executors and administrators shall be allowed fees upon the amount of all the personal property, including the income from the personal property that is…

Property Protection

Ohioans can now set up trusts to shield personal assets from creditors. Proponents say the change is good for residents as well as the state. The Buckeye State stepped into the fiduciary spotlight when the Ohio Legacy Trust Act took effect in March. The new law provides individuals protection from future creditor claims by recognizing…

What To Do When a Person Dies

The purpose of this article is to give you guidance on some of the questions you may have when your spouse or other loved one dies. This article is written to suggest actions to take rather than setting forth questions. I. Notify Loved Ones, Friends, and Other Important Persons. a. Notify family members as soon…

Five Common Mistakes to Avoid in Estate Planning.

I have recently been engaged by the families of several decedents to help with the probate of their loved one’s estate. In each of these cases, I will spend many months and thousands of dollars in administrative fees to complete probate. While I am not complaining about the fees I will earn, it is sad…

Planning on home improvements this summer? Beware of government regulations!

Dave and Linda decided they wanted to improve their home in Franklin County by adding a parking pad and widening their driveway. They live in an area that does not have curbs, sidewalks or street lighting. They toured the neighborhood to get some ideas of what other neighbors had done to improve their driveways. They…

New “Legal Trust” Will Attract Clients In or Out of State

In the last edition of the WealthCounsel Quarterly, Steve Oshins provided an overview of Domestic Asset Protection Trusts and James Kalicki examined Nevada’s DAPT statute (known as a “Legacy Trust”). The authors of this article were involved in the drafting and passage of the law and were invited to meet the Governor when he signed…