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Answers to Frequently Asked Questions
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1.WILLS, ETC
| All individuals need a will. Those with minor children need to exercise their right to name a guardian for their children. Without a Will, the State of Ohio will decide how your assets pass and to whom. The court will also decide whom they feel will be the best guardian for your children – perhaps someone other than whom you would choose. Proper planning can eliminate up to $1,350,000.00 in estate taxes. |
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2.LIVING TRUSTS
| A highly desirable alternative to probate yielding lifetime benefits, privacy and estate tax savings if properly drawn. |
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3.BUSINESS ENTITY CHOICE
| Liability protection – a key consideration. Corporations as well as limited liability companies to protect assets and assist in effective income tax and estate tax planning. |
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4.TAXATION
| We are available to assist in tax return preparation, tax planning for individuals, businesses and estates. Planning and thoughtful preparation can make a significant tax difference. |
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