It is common practice in estate planning for a person to name their adult children as their fiduciaries. Whether that be as an agent or co-agent, to make health care or financial decisions while the person is still living, or as an executor or co-executor, or trustee or co-trustee,...

Like death and taxes, having a personal fiduciary act on our behalf will be necessary for all of us at some point in our lives. Identifying these persons or institutions to act as an agent under power of attorney, executor under a will, or as trustee under a trust...

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...

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...

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...