By: Thomas Law Group On: May 13, 2021 In: Estate Planning Comments: 0

When a person dies, they typically leave their assets to their descendants, to charity, or to some other person or entity of their choice. While most people would accept such inheritance, what happens if a person does not wish to receive the inheritance? This is called a disclaimer. A...

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By: Thomas Law Group On: March 22, 2021 In: Estate Planning Comments: 0

The recent presidential election and resulting change in the country’s administration, brings the possibility of change to the Federal tax laws. Proposals circulated prior to the election included changes to the Federal estate tax laws as to both tax rates and the unified credit or exemption for each taxpayer. Currently, taxpayers...

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By: Thomas Law Group On: July 17, 2020 In: Estate Planning Comments: 0

In 2016, Ohio law pertaining to General Durable Powers of Attorney (“GDPOA”) (also known as General Powers of Attorney and Financial Powers of Attorney) was amended to require certain powers (that were generally already included in a GDPOA) to be “specifically authorized” in order for your agent to take...

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By: Thomas Law Group On: April 09, 2020 In: Estate Planning Comments: 0

In light of the current public health state of emergency and the global COVID-19 pandemic, we are reminded that now more than ever it is essential to have documents in place to facilitate the management and succession of your business as well as your personal life. Ask yourself the...

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By: Thomas Law Group On: May 22, 2019 In: Estate Planning Comments: 0

Minor Children Many parents elect to establish a revocable trust for the benefit of their minor children. This provides a sense of security for them to know that if something happened and they were not able to raise their children, that they have guidelines in place for how the...

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