Tag Archives: estate planning

Ohio’s New Domestic Asset Protection Trust Statute

In December of 2012, Ohio governor John Kasich signed into law The Ohio Legacy Trust Act that becomes effective March of 2013.  Ohio now joins a minority of states allowing for such trusts.  While these domestic asset protection trusts cannot … Continue reading

Posted in Business, Estate Planning | Tagged , , , , | Leave a comment

The Estate of Steve Jobs: Will it be Taxed?

Much has been written about the death of Apple founder Steve Jobs over the past days.  One area that has received increased attention is the estate planning done by Jobs, his attorneys, his accounts, and other professionals before his death.  … Continue reading

Posted in Business, Estate Planning, Taxes | Tagged , , , , , | Leave a comment

Ohio Estate Tax Eliminated Beginning In 2013

On June 30, 2011, Ohio Governor John Kasich signed House Bill 153.  This 3,262 page appropriations bill, among other things, eliminates the Ohio Estate Tax, beginning in 2013.  The Ohio Estate Tax applies to a decedent’s property owned at the … Continue reading

Posted in Business, Estate Planning, Taxes | Tagged , , , , | Leave a comment

The Importance of Asset Protection

Many people operate under the mistaken belief that assets held in joint accounts and assets held by their revocable living trust are safe from the claims of creditors.  This errant belief could very well cause one’s assets to be attached … Continue reading

Posted in Business, Estate Planning | Tagged , , , , , | Leave a comment

What to do After you Win Mega Millions and/or Powerball

With tonight’s Mega Millions jackpot reaching $312 million and tomorrow’s Powerball jackpot at $125 million, people throughout the country may be dreaming of what they could do with this potential windfall of nearly one-half billion dollars.  Although the odds of … Continue reading

Posted in Estate Planning, Lottery, Taxes | Tagged , , , , | 9 Comments