People who are planning their estates often use a variety of tactics to keep their assets out of probate court. Strategic gifts can be an important element of a tax avoidance or wealth management strategy. Gifts that someone makes while they are still alive can...
Creative Solutions For Preventing And Resolving Legal Problems
Middletown, Ohio Legal Blog
What personal bankruptcy means for someone’s credit
The average person likely understands that a bankruptcy filing will result in a major short-term blemish on their credit history. Lenders and even employers may consider a bankruptcy when making decisions about a loan or a promotion. Concerns about creditworthiness...
Beyond a will: Estate planning tools that most adults need
A will is usually the foundational document of an estate plan. Having a will prevents you from dying “intestate” and having your assets distributed to your relatives in ways that are determined by the state (regardless of whether you wanted them to have anything). A...
3 useful contract inclusions for businesses negotiating an agreement
Businesses have many reasons to negotiate contracts. Contracts with new workers can help them secure skilled labor. Contracts with other companies could lock in prices and delivery dates for necessary materials or clarify expectations for a service provided by an...
What happens if someone dies without an Ohio estate plan?
Once someone reaches 18 years of age, they have the ability to create a will. Ohio allows any adults of sound mind to leave instructions regarding the distribution of their property and the care of their dependent family members if they die. Despite having this...
How can filing for bankruptcy affect someone’s tax refund?
The average employee has a predictable income. Unless they fall ill or lose their job, they know roughly what they should make with every paycheck. There are very few times when the average adult suddenly receives a windfall or a large amount of money at once. The tax...
How mediation can benefit those embroiled in a business conflict
Mediation is a common form of alternative dispute resolution. Those who cannot settle a dispute on their own can attend mediation to negotiate a settlement with the other party. Successful mediation leads to a signed agreement and can prevent a matter from going to...
Why those preparing for retirement may need an incapacity plan
Retirement is often when people recognize they need to create or update an estate plan. Those preparing to enjoy their golden years may want to protect their assets and craft a legacy. They may also want to leave clear instructions about their medical wishes and what...
When do Ohio authorities seek to stop a merger or acquisition?
A merger or acquisition is often one of the biggest transactions a business can complete. When a company opts to acquire another company or arrange to combine organizations, this effort can lead to rapid growth, access to valuable intellectual property resources and...
How you could fail a field sobriety test – even if you’re sober
A field sobriety test (FST) is a physical task that a police officer asks a driver to perform so that the officer can assess whether or not the motorist in question is impaired. The results of a field test can serve as evidence of impairment, although it cannot serve...