» Asset Protection

House Ways and Means Committee Unveils Tax Proposal

Regular readers of this blog know that we have been on the lookout for tax changes on the horizon since the beginning of the current presidential administration. Reading the tea leaves of campaign promises and statements to the press, we have counsel… Read More

Completed Gift Domestic Asset Protection Trusts

In recent blog posts, we have been discussing potential changes to tax law under the Biden administration, and tax strategies to deal with those changes. One very useful tax and estate planning strategy involves completed gift domestic asset protecti… Read More

Using a Trust to Protect Assets in Divorce Proceedings

Most of us work hard to provide for our families. But what happens to those hard-earned assets when a family is changed by divorce? The answer, too often, is that they end up going to a divorcing spouse. Planning for the possibility of a divorce—yo… Read More

Five Reasons a Trust is Better Than a TOD Account

Many people appreciate the convenience of “transfer on death,” or TOD, assets. TOD assets are typically investment accounts, but in Ohio, you can also designate vehicles and real estate to be transferred on death. Sometimes the terms “transfer… Read More

What is an Ohio Legacy Trust, and When Do You Need One?

There are many types of trusts with different features designed to achieve different estate planning goals. Depending on the type, trusts can keep assets out of probate, prevent beneficiaries from wasting their inheritance, protect assets of benefici… Read More

What's the Best Way to Make a Gift to a Minor?

If you’ve been thinking about making a gift to a minor child or grandchild, you should first consider the pros and cons of gifts to minors. If you have weighed the advantages and disadvantages, and still want to make a gift, the next logical qu… Read More

Making Gifts to Minors: Pros and Cons

One of the great joys of having worked and saved for most of your adult life is the ability to share your bounty with the people you love, including children and grandchildren. If some of those loved ones are minors, you may be wondering about the wi… Read More

Why You Don't Need to Be Afraid of Irrevocable Trusts in Estate Tax and Asset Protection Planning

You probably know that trusts can be a great tool for avoiding probate, minimizing estate tax, and protecting assets. What you may not know is which type of trust is best for your purposes. In this blog post, we’ll take a look at irrevocable gr… Read More

Using Legacy Trusts for Prenuptial Planning

About half of marriages end in divorce, and second marriages are more likely to end in divorce than first marriages. What this means is that approximately half of all families are confronted with a situation in which assets need to be divided between… Read More

Ohio is One of Top States for Asset Protection

Once again, Ohio has been ranked as one of the top states for asset protection. Ohio is one of seventeen states that permit Domestic Asset Protection Trusts (DAPT). Nevada attorney Steve Oshins does an annual ranking of the states that have the most… Read More

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Ted has co-counseled with our firm on more than one occasion and has always been a pleasure to work with. He has significant knowledge and experience as an estate planning attorney and has provided our clients with a high level of work product. His s… Read More
– Kirsten Izatt

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