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 […]
The Cavaliers have finally cashed in, the curse is broken, and Cleveland is rejoicing! Many Cleveland businesses are experiencing record profits, and with the Republican National Convention around the corner, the boom is expected to continue. You’ve been working long hours, picking up the slack, and you’d like to cash in on your efforts. How […]
Estate Planning Solution of the Week: Health Care Proxy What is a Health Care proxy? How does that differ from a health care agent? And what is the distinction between a health care proxy and a medical power of attorney? The quickest answer is that all three terms are used to refer to someone who […]
Changes in Ohio Power of Attorney Laws If you’re an Ohio resident concerned with the estate plan or medical care of a loved one, you should be familiar with Ohio’s laws regarding power of attorney. Cleveland, Ohio estate planning attorney Dan A. Baron offers the following: What is a financial power of attorney? A financial […]
Springing and Durable Power of Attorney – What’s the Difference? When planning for retirement and your estate plan, it’s important to understand how your power of attorney works. Generally, there are two kinds: springing and durable power of attorney. A springing power of attorney takes affect if you become incapacitated. In comparison, a durable power […]
Cleveland, Ohio Trust Attorney What is a trust? What is the difference between a revocable trust and an irrevocable trust? Why might my estate plan include either one? Simply put, a trust helps manage your assets and provides clarity for the future. A trust is a tool that may be used to achieve your financial […]
Estate Planning – Trends Following the American Taxpayer Relief Act. A recent survey concluded that sixty percent of Americans are afraid they will outlive their retirement. Thus, there has been a moving trend that people are more concerned about wealth preservation compared to wealth transfer. For example, a fifty year-old man in the top income […]
Cleveland, Ohio Trust Attorney Ohio Bypass Trusts Bypass trusts, or “credit shelter” trusts, have historically been an important estate planning tool that shields probate assets against estate taxes. Most often, a bypass trust is found in your spouse’s will. Each spouse directs that if you are the first spouse to die, then your solely owned […]
Cleveland, Ohio Probate Attorney Debt after Death – What Every Family Member Should Know You come home one day to find a letter from a credit card company demanding $5,000 for the debt of your late husband. The credit card company demands payment and threatens to take legal action against you if the debt is […]