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November 25, 2024
The probate administration process in Ohio is an important and necessary legal procedure that ensures the proper distribution of a deceased person’s assets and the settlement of their final affairs. While probate can seem complex, especially during a time of great emotional difficulty, it serves an important role in providing structure and clarity to the disposition of the decedent’s estate. For Ohio residents and those inheriting assets from a deceased person who resided in Ohio, understanding how probate works here can make the process less daunting. In this article, I outline the key steps of the Ohio probate administration process, the role of the probate court and the executor or administrator, and ways to streamline the whole process.
Becoming a parent is a wonderful adventure, and new parents have their hands full with learning how to parent. As emotional and stressful as it is to think about who will take care of their children in the event of their untimely deaths, parents should have a plan in place. In this episode of Simply Money, Mark Reckman outlines basic things that parents should know and should think about when going about the process of nominating a guardian for their children.
On April 23, 2024, the Federal Trade Commission (FTC) announced an administrative rule that would ban almost all non-competition agreements. The rule is scheduled to take effect in about four months (around August 2024). Within a couple days several businesses, including the U.S. Chamber of Commerce, filed lawsuits requesting that the rule be overturned. The courts may either reject the rule entirely, delay the effective date of the rule, or uphold the rule and permit it to take effect.
April 24, 2024
On April 23, 2024, the Federal Trade Commission announced a rule that most non-competition agreements will no longer be enforceable. Wood+Lamping’s Jeffrey Teeters and Orly Rumberg outline what the ruling means for employees and employers.
December 14, 2023
One of the most difficult aspects of Estate Planning is talking about how you want to be cared for at the end of your life. But planning for that now offers more strategies to ensure your family has the finances for your end-of-life care while protecting the portion of your estate that you want to go to them.
November 7, 2023
A new federal law will require business entities to report their ownership information to the Financial Crimes Enforcement Network (FinCEN). On January 1, 2021, Congress enacted the Corporate Transparency Act (CTA) as part of the National Defense Authorization Act for 2021. The U.S. Department of the Treasury and FinCEN adopted Regulations implementing the CTA on September 30, 2023.
In speaking with our clients, one of their most common questions is about how they can reduce their tax burden. Nearly everyone believes they pay too much in taxes. In this article, we are focusing primarily on how to reduce your capital gains tax.
September 27, 2023
If you are the parent of a child with autism, estate planning comes with some specific and often difficult decisions. Depending on your child’s independence, you may have to plan to physically and financially provide for your child well into adulthood and provide financially after you have passed away.
September 12, 2023
In this episode of “Simply Money,” Mark Reckman shares two high-profile news stories that provide insights into how to avoid any tension and misunderstanding when handling the medical and financial needs of your loved ones.
