Recent News and Updates
A little advice about how to conduct financial transactions through a power of attorney can save a lot of potential trouble in the future.
Strongly consider having your trust reviewed by one of our estate planning attorneys. Older trusts drafted for couples (especially those written before 2013 for Ohio residents) were designed to reduce estate/death taxes but usually created an income tax problem for the children, but that was the lesser of two tax evils (40% estate tax vs typical 15% capital gains for income tax).
As a landowner, the law affords you certain property rights, but do you know the extent of these rights as they relate to oil and gas beneath your land? If your answer is "yes", congratulations, you are one of the few. But, if your answer is "no", well, don't worry, I hope to add at least some clarity to this confusing area of property law.
Even though you or your business manufactures nothing, it, or you, may be subject to liability and very costly litigation defense under Ohio's Product Liability Act.
U.S. Department of Labor's OSHA Extends Compliance Date for Electronically Submitting Injury, Illness Reports
To allow affected employers additional time to become familiar with a new electronic reporting system, Occupational Safety and Health Administration has extended the date by which employers must electronically report injury and illness data through the Injury Tracking Application to December 15, 2017.
To ensure that your business legacy flourishes into the next generation you must engage in the proper mix of planning, communication and action.
What is title insurance? Why is it recommended? How much does it cost? If these are questions that cross your mind when confronted with the topic of title insurance, you are not alone. In every purchase and sale of real estate, the buyer and seller are faced with the decision to purchase title insurance.
Whether as the employer or employee, additional "fringe benefits" can be an important part of an overall compensation package and are important in attracting and retaining talent in the workplace. Decisions about such benefits are not made without repercussions, however. Both employers and employees should be aware that fringe benefits may be taxable to individual employees.
Planning your estate is the ideal time to consider your philanthropic goals. Once you establish your goals, you can then work with a planner to determine the most financially savvy and expeditious avenue to accomplish those goals.
The Ohio Department of Medicaid issued new agency rulings effective September 1, 2017.