Cleveland, Ohio Trust Attorney Ohio Bypass Trusts Bypass trusts, or “credit shelter” trusts, have historically been an important estate planning tool that shields probate assets against estate taxes. Most often, a bypass trust is found in your spouse’s will. Each spouse directs that if you are the first spouse to die, then your solely owned […]
Cleveland, Ohio Probate Attorney Debt after Death – What Every Family Member Should Know You come home one day to find a letter from a credit card company demanding $5,000 for the debt of your late husband. The credit card company demands payment and threatens to take legal action against you if the debt is […]
Cleveland, Ohio Estate Planning Attorney Perhaps for most estate planning attorneys, the relationships built among clients can last for decades. Because of the duration of the relationship, it’s not unusual for an estate planning attorney to receive requests for legal assistance from clients who have changed their residence to a state in which the attorney […]
Living Trusts vs. Testamentary Trusts Cleveland, Ohio Estate Planning Attorney Dan Baron: If you’re planning for your Ohio estate plan, then you’re probably lost among the many estate planning terminologies. However, there are numerous estate planning methods to provide safety and security for your family. There are many ways to achieve this including living trusts, […]
From Cleveland, Ohio Estate Planning Attorney Dan Baron: Estate planning attorneys will tell you that testamentary trusts are a great way to protect your children and plan for your estate. Below are 10 things to know about testamentary trusts and how they might fit into your estate plan. To learn more, contact Cleveland, Ohio estate […]
Cleveland, Ohio Estate Planning Attorney If your retirement portfolio contains a Simple Employee Pension (“SEP”), or Simple IRA, you need to know how the minimum distribution system works. Cleveland, Ohio estate planning attorney Dan Baron provides the following remarks. One major attraction to IRA’s and other estate planning tools is the ability to accumulate funds […]
Creating a Business Succession Plan – Cross Purchase Agreements Whether you’re planning for retirement or tragedy, having a business succession plan is imperative for business owners. Big business or small, planning for the financial stability of your partners and employees can mean the difference between business as usual and leaving your spouse bankrupt. Moreover, understanding […]
Unique Estate Planning Methods to Secure a Lifetime of Income, Save Taxes, & Benefit the Community Most people planning for their retirement have a misconception that charitable giving is only for the wealthy. However, there are several estate planning tools that can benefit your favorite charity while also earning you steady stream of income. One […]
Estate Planning Charitable Donations Have you ever considered incorporating a charitable donation into your estate plan? Aside from the tax benefits, including charitable giving into your estate plan is a wonderful way to extend your legacy and show your generosity. And contrary to public belief, charitable giving in your estate plan is not just for […]
Cleveland, Ohio Estate Planning Attorney Can a Beneficiary Force a Trustee to Provide Information Contained in a Trust? In addition to the blog below, do you have questions regarding estate planning or trust administration? Call Cleveland, Ohio law firm Baron Law LLC. An attorney at Baron Law will be able to assist you and provide […]