Cleveland, Ohio, estate planning lawyer, Daniel A. Baron, Ohio, offers the following information on what documents are necessary for you to provide your attorney when sitting down to establish your comprehensive estate plan. “Be prepared.” Boy Scouts of America A recent survey taken by the AARP found that 3 out of every 5 Americans have no […]
Baron Law LLC, of Cleveland, Ohio, offers the following information on different components of an Estate Plan. To see what plan is best suited for your needs, contact Baron Law, LLC, Cleveland, Ohio. By failing to prepare, you are preparing to fail.” Benjamin Franklin Estate planning is a concept that many people know about, but […]
With the passing of American Taxpayer Relief Act of 2012 (ATRA), P.L. 112-240 clients now have broader power to save on federal estate taxes. Significant expansion of the federal estate tax exclusion has dramatically changed how estate planning professionals plan for married couples. In 2000 when the federal estate tax exclusion was merely $675,000 and […]
Cleveland, Ohio, estate planning lawyer, Daniel A. Baron, Ohio, offers the following information on whether a Qualified Personal Residence Trust should be part of your comprehensive estate planning. For wealthier families, a great tool to manage your future tax savings would be to transfer the liability of owning a property for which you may end […]
Cleveland, Ohio, Estate Planning lawyer, Daniel A. Baron, of Cleveland, Ohio, offers the following information on the issue of your Rights to Disposition after you pass. Imagine if you will, your Uncle Harry has passed away and although he had specific wishes on what to do with his remains, there are others in a packed […]
Cleveland, Ohio, Estate Planning lawyer, Daniel A. Baron, of Cleveland, Ohio, offers the following information on establishing an Irrevocable Life Insurance Trust (ILIT). Is it the right fit for you when creating your estate plan? When you think about life insurance, you typically are going to use this as a vehicle to plan for the […]
Exploring whether you need a trust may be answered below visiting this questionnaire: DoIneedaTrust.com. In addition, you may find the following information written by Cleveland, Ohio estate planning lawyer Daniel A. Baron useful. Even if your name isn’t Bill Gates or Warren Buffet, it does not necessarily mean that the need for you to establish […]
Cleveland, Ohio estate planning lawyer, Daniel A. Baron, of Cleveland, Ohio, offers the following information on what a Credit Shelter Trust is and should it be part of your comprehensive estate planning. If you are married and an investor, for example, consider establishing a Credit Shelter Trust. This can also be referred to as an […]
Cleveland, Ohio, Estate Planning and elder law attorney, Daniel A. Baron, offers the following information on creating a Children’s Testamentary Trust for your loved ones. Is it the best option for you when creating your estate plan? Most people understand and realize that they should name a Legal Guardian for their minor children. However, many […]
Cleveland, Ohio estate planning attorney, Daniel A. Baron, offers information on Long Term Care assistance for those who have served in our military and including this as part of your Estate Planning: For those of you who have served in any of our armed forces, Thank You! Because of your bravery and sacrifice, we still […]