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Limit Impact of Estrangement on Estate Planning

Unfortunately, rifts sometimes arise between family members. The result may be estrangement, defined as “the state of being separated or removed.” Estrangement does not mean that the relationship has come to an end legally, however. You may be surprised to learn that limited contact, or even the absence of any contact, will not have a…

Four Things Your Spouse Should Know Before Your Passing

For a surviving spouse, death can leave unanswered questions. As uncomfortable as it might be to discuss subjects like burial arrangements and remarriage, they should be broached as part of creating a comprehensive estate plan. Seemingly mundane details, such as the location of important documents and contact information, should also be addressed. Location of Important…

Difference Between Transfer on Death and Payable on Death Designation

Adding a payable-on-death (POD) or transfer-on-death (TOD) designation to an account allows the assets (money and property) in that account to be passed to a named beneficiary when the original account holder passes. They are also fast, easy, and usually free to set up. However, they do not provide the full range of benefits that…

Are You Single with a Minor Child? If So, You Need a Plan

If you have a minor child who depends on you for their survival, you need to make sure that they will be cared for if you are ever unable to care for them. By creating an estate plan, you can address your minor child’s care and custody and provide instructions about how your money and…

How far in advance can I begin my Estate Planning?

You can create your estate plan at any time, but many people choose to begin the process sooner rather than later. Why? Because you never know when life-changing medical or financial emergencies can strike that will require someone else to manage your affairs during your lifetime. When Should You Start? While there is no specific…

Attention Business Owners – Corporate Transparency Act (CTA)

With the enactment of a new law called the Corporate Transparency Act (CTA), you may be required to submit certain information that was not previously required about a business entity and any individuals identified by the law as a beneficial owner to the federal government. We are reaching out to help you better understand the…

BREAKING NEWS

There’s no place like (a new) home This Spring, McClenaghan Law Group will be moving to our new home in Dublin, Ohio. We are excited to share more information about our new location soon!We want to extend thanks to our awesome clients and neighbors that have made our time on Brown Park Drive so wonderful.…

Estate Planning Considerations for Firearms

Estate Planning Considerations for Firearms Approximately one-third of Americans own a firearm, and many own more than one. Some may own dozens or even hundreds. Firearm Ownership is subject to many restrictions, and carries with it a significant element of risk, it is important to consider firearms as part of a comprehensive estate plan. Why…
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