Having two common estate planning documents with “Will” in the name is not ideal. A lot of confusion has been caused by the similar names of “Last Will and Testament” and “Living Will.” While they sound similar, they accomplish very…
Maybe you borrowed money from your grandfather. Maybe you have a personal reason that leads you to want to pay back all of your creditors even though you currently cannot. Maybe you have an outstanding bill with your favorite doctor and want…
Ohio’s Attorney General has made it clear: creditors cannot attach or seize your stimulus money. Ohio law protects certain assets from creditors’ claims. These are called “exemptions.” For example, you can have a certain amount of equity in your car…
“I’ve been needing to do this for 10 years.” “That was so easy!” Those are two recent comments we received from estate planning clients. Everyone knows they need a last will and testament, powers of attorney, trust, living will, or…
As the $1,200.00 stimulus payments are distributed, many people receiving Medicaid coverage in nursing homes and other settings are finding their bank account creeping over the $2,000.00 they are normally allowed to have. Fortunately, this is not a problem. Stimulus…
Several people have asked how the Paycheck Protection Program forgivable loans (sometimes referred to as grants) created by the CARES Act apply to 1099 independent contractors. The early information released by the Small Business Administration created a lot of confusion…
In addition to new federal loan opportunities for businesses, the federal government has also instituted new protections for employees at businesses with fewer than 500 workers. In instituting those changes, they have mandated that employers post two posters at their…
There are two federal programs available to help businesses and non-profits in response to the COVID-19 epidemic. They serve very different purposes and have very different provisions for repayment or forgiveness. Paycheck Protection Program (PPP) PPP loans are designed to…
I received a call today from a banker. His office is overwhelmed with phone calls from people who have been laid off in the past week, and who are facing the difficult situation of possibly not being able to make…
When Aretha Franklin died late in the summer of 2018, many in the estate planning community were disappointed and surprised to learn that she did not have any estate plan in place. Forget the trusts, partnerships, and other entities that…