New Business Documents

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November 2, 2016


Estate Tax Exemption at $5 Million in 2011

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April 3, 2016

The federal legislature several years ago passed legislation, the Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA), which repealed the federal estate tax in 2010. While most estate planners expected the legislature to amend the Act before the repeal took effect, and institute an estate tax with an…

Recent Medicaid Changes in Ohio

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April 3, 2016

Medicaid in Ohio in the last couple of years has undergone massive changes. Most significantly, the look-back period in determining available resources has been expanded from three years to five years. This means that if property is transferred to certain non-exempt individuals within five years of both applying for medicaid…

Demystifying the Probate Process

March 31, 2016

Probate is the process by which a decedent’s property is transferred either under a Will or under the statute of descent and distribution by the Probate Court in the County where the individual dies. An ancillary probate court may be necessary if the decedent has property outside of such county….

What are Trusts and How can they Assist with My Estate Plan?

March 31, 2016

Trusts have long been used, even before the time of the estate tax. They can have several benefits, but are not right for every estate plan. Trusts are often used as a means of avoiding probate. Probate can be a costly and time-consuming process wherein the probate court oversees the…

The Role of Estate Planning

March 31, 2016

Why Create an Estate Plan? Estate planning is important for many reasons. Saving money, providing for loved ones, avoiding probate, and gaining peace of mind are some of the many reasons to create an estate plan. Creating an estate plan can also help you to evaluate your financial situation and…