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Many Dayton residents believe that they don’t need to do any estate planning. After all, they may reason, they are young, unencumbered and living paycheck to paycheck. But that belies the reality of the situation. Estate planning is far more extensive than funding trusts and arranging for guardianship of minor children. In addition to a simple will, everyone should draft…
If a person you love has recently died, it is likely to be a stressful and sad time for you. Unfortunately, in addition to grieving your loss, you will also have to deal with the administrative aspects of dealing with their estate. Almost everyone has unpaid bills when they pass away, and some people also leave behind loans and mortgages…
When starting to plan your estate, you will likely be interested in planning strategies that will benefit you from a tax perspective. In addition, you may be reflecting on things you can do to make a positive impact on the world and benefit causes that you care deeply about. Creating a charitable trust can help you to give back while…
Undue influence can be something of a tricky subject in estate disputes because there is no specific definition. Also, it can look a bit different from one case to the next. But undue influence is the process of inducing an elderly person to change their will or estate plan. But what does it look like? It usually involves manipulation. It…
Big corporations always have a team of well-paid attorneys working to keep the business on the straight-and-narrow legal path. This protects the company’s interests in all kinds of disputes. If your company is a just-emerging start-up or a medium-sized business, however, you probably don’t have the funds to hire your own in-house legal team. That’s why hiring a firm like…
Have you never bothered to draft a will or do your estate planning? If you talk to friends, co-workers and family members, do most of them say that they have not done it either? The truth is that most Americans are in the same boat. Studies have found that about 60% of them do not have a will. If you…
When you are a business owner or manager, you will almost certainly need to draft contracts regularly. Contracts are a way for you to protect the interests of your business at all costs. Therefore, it goes without saying that they are very important to get right. For a contract to be considered legally valid, there are five specific requirements. Ensuring…
When a person is assigned as a power of attorney (POA), they have a huge amount of authority when it comes to the principal’s estate. POAs have the power to make business and medical decisions if the principal becomes mentally incapacitated. For many people, assigning a POA in their will is a comforting decision, since they will trust this person…
When a person passes away, it is the job of the executor to deal with all aspects of the deceased person’s estate. The executor is usually named in the deceased person’s will. However, if no will exists or if no executor is named, it will be the job of the probate court to appoint an executor. Executors have a legal…
The months after the passing of a loved one can be an emotional time full of stress, grief and sadness. Many estate disputes arise during this period, and often people act in an emotionally charged way. Sadly, rifts between family members can easily be created. If you find yourself in a dispute regarding a loved one’s estate, consider whether toxic…