How will Trump’s Presidency Affect Your Trust? With the impending inauguration of Donald Trump as our nation’s president, we would all be wise to prepare for a more conservative economic landscape that will likely include the elimination of some gift and estate taxes, lower overall rates, and new deductions. Particularly, if Trump moves forward to […]
There are many estate planning tools out there. But simply put, a trust is an estate planning tool that allows you to plan in advance. A trust allows you to control your assets even after your death and may allow for certain tax advantages as well as privacy and the avoidance of probate. There are […]
If you’re an Ohio resident concerned with the medical care of a loved one, you should be familiar with Ohio’s laws regarding power of attorney. A financial power of attorney, also known as a durable power of attorney, is a legal document an individual (the “principal”) can use to appoint someone (the “agent”) to act […]
Successful Probate Avoidance Strategies If saving time, money, and court supervision is right for your family, then avoiding probate is right for your estate plan. There is a common misconception that having a will avoids probate. This is completely false. Having a will does NOT avoid probate. There are however many simple ways to avoid […]
As an estate planning attorney, many people ask me if probate is really necessary. The short answer is no, and I often advise my Cleveland, Ohio estate planning clients to avoid probate if at all possible. But what is probate? And, why should it be avoided? Here’s a quick synopsis to answer these questions. What […]
Annuity-Based Long-Term Care and the Pension Protection Act of 2006 Medicaid and long-term care are unquestionably a hot topic. Estate planning and Medicaid planning attorneys have long been waiting for an opportunity that would allow those wishing to enroll in Medicaid to shelter all or a portion of their savings – legally! Cleveland, Ohio estate […]
Medicaid Planning – Important Considerations When Choosing a Long-Term Care Plan It’s no surprise that Medicaid planning has been a widely discussed topic considering the overwhelming cost of nursing home care. For example, the average daily cost of care in the Midwest is approximately $135 per-day. In Ohio, this same care is around $203.00 per-day. […]
Client Review
Daniel Baron reviewed our Trust, Wills and HPOA. He provided good feedback as to what needed updating and any necessary additions to the documents. We didn’t have a FPOA which thanks to him we now have. He was able answer any questions we had and proved to be very flexible to accommodate our schedules when […]