Certainty in this uncertain time is peace of mind many families are finding themselves without. The Covid-19 pandemic is highlighting harsh realities of life all of us were aware of but chose to ignore. One such reality is the importance of comprehensive and up-to-date estate planning. Many parents, grandparents, established business owners, and seasoned professionals […]
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Entries by Dan Baron
The Covid-19 Economic Relief Package was approved on Monday, March 30th. This unprecedented $2 trillion dollar stimulus package may be incredibly beneficial for our clients, especially business owners. Here are some of the more significant points you should know: Single-households that earn $75,000 or less a year (as per their latest tax return) will be […]
Managing the affairs and obligation of a recently departed is no easy task. That is why most people take the time to plan their estate. Estate planning, at its fundamental essence, is leaving a plan and instructions for those who survive you regarding what to do with the “stuff” you leave behind. People are living […]
Ending a marriage, whether though divorce or dissolution, isn’t a simple process. It’s not like flipping a switch, one day you’re married, another day you’re not. Whether a couple was together for a relatively short period of time or set down roots together for decades, spouses separating financially, physically, and emotionally is a labor-intensive journey. […]
People often have questions about things that are relevant to their jobs or lives. For landlords, a usual topic of conversation is security deposits. Previously, legal standards and procedures regarding landlords keeping security deposits was covered, but what do these rules mean in ordinary terms? The following are a few good tips for every landlord, […]
Homes, for most people, are the most significant and expensive asset they possess. Being a homeowner is expensive, property taxes, homeowner’s insurance, utilities, repairs and upkeep, just to name a few. As such, homeowners are concerned with exploiting every available opportunity or tactic to save money regarding their houses. One such opportunity is the Ohio […]
Staying abreast of current tax changes is critical to getting the most “bang for your buck” when it comes to estate planning. 2018 had significant, albeit likely temporary, increases in the federal estate, gift, and generation-skipping transfer tax exemptions. For example, individuals who previously used their previous lifetime gift tax exemption amounts can now effectively […]
What: Property Value Appraisal Ohio operates on a system in which county auditors reappraise every piece of land and every building located in their county every six years. These base appraised values are then multiplied by local tax rates. This value is what is shown on local county auditor’s website and is often used […]
More and more people are becoming ever more concerned with either protecting their assets, maintaining eligibility for Medicaid, or leaving as much as possible to children and future grandkids. As such, more and more people are realizing the remarkable utility of trusts within their estate planning. One’s residence often represents the most significant asset an individual […]
What are Advanced Directives? Advance directives are a set of documents where you are appointing another individual to make medical decisions on your behalf. Typically, we have in these documents a living will, HIPPA authorization, and then health care power of attorney. How Are These Documents Used? Living Will- A living, will not to be […]
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