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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

Expanded VA Benefits for Caregivers of Vietnam Vets

The average age of a U.S. infantryman serving in the Vietnam war was 22. Those young men experienced not only the terrors of war and the post-traumatic stress disorder (PTSD) that followed, but the effects of Agent Orange. Those who survived the war… Read More

Using Your Tax Refund for Retirement Financial Planning

The tax filing deadline was delayed for three months in 2020 due to the coronavirus pandemic. As a result, many of those who filed their taxes in July have recently received their income tax refunds. A tax refund can feel like a windfall, and many pe… Read More

Can Family Farms Qualify for SBA COVID Disaster Loans?

As of this writing, we are closing in on nearly 5 million confirmed COVID-19 cases in the United States. The virus has taken a toll not only on the health of its victims, but on the health of the economy, especially small businesses. Many of those sm… Read More

Changes to Ohio Medicaid Law: Is Your Retirement Account a Countable Asset?

If you have ever considered nursing home care for a loved one, you know that it’s costly. In Ohio, a private room in a long-term care facility can cost over $100,000 per year. Even if you have saved carefully for most of your life, it’s likely th… Read More

How to Plan for Nursing Home Costs

There’s a bumper sticker that says, “Be nice to your kids—they’ll be picking out your nursing home.” But while the saying might be good for a laugh, your monthly nursing home bill sure won’t be. AARP has estimated that 35% of people who a… Read More

Should You Make Your Business an LLC or S Corporation?

One of the first decisions a business owner is faced with is what business entity they should choose for their company. For many businesses, the choice comes down to two options: a limited liability company (LLC) or S corporation. An S corporation is… Read More

How to Convert a C Corporation to an S Corporation (And Whether You Should)

Since the implementation of the federal Tax Cuts and Jobs Act (TCJA) a couple of years ago, our office has received many inquiries about the benefits of converting an existing C corporation to an S corporation. In this article, we will briefly discus… Read More

Is Now a Good Time to Refinance My Mortgage?

The coronavirus pandemic has wrought havoc not only with people’s health and day-to-day lives, but with their finances. Some people are looking for a financial silver lining to this dark cloud in the form of a mortgage refinance. With a recent drop… Read More

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