Create a Living Trust in Ohio 5 Myths About Trusts You Can't Afford to Believe Top Get helpful tips and info from our newsletter!
Complete Guide to Ohio Probate Complete Guide to California Probate Learn More Probate is the court process through which assets of a deceased person are administered and distributed. Probate also deals with any debts of the decedent. “What is probate” is a more complicated question than one mi...
A surety bond (pronounced “shoo-ruh-tee”) is a legally binding agreement involving three parties—the Principal, the Obligee, and the Surety. In this agreement, the Surety provides a financial guarantee to the Obligee if the Principal defaults on their obligations, such as not being able ...
While tax season is often routine, occasionally, you might have some complicated tax issues or even receive a notice that the IRS is auditing you. In such circumstances, you may need a tax lawyer’s advice. And whatever you do, don’t ignore tax liabilities, which can lead to sanctions ...
What can be in the trust Can it be revoked or changed? Do you pay estate taxes? Does it avoid probate? Is it protected from creditors? Revocable trust You (the grantor) or someone else you name Assets or property you own Yes Yes Yes No Irrevocable trust Someone you name ...
A living trust is an alternative method of transferring assets to beneficiaries that avoids the probate process. When you create a trust, you’re called the “grantor.” As grantor, you put assets in the trust (through transfer or deed, for example). When you pass away, control of the ...
9 RegisterLog in Sign up with one click: Facebook Twitter Google Share on Facebook AcronymDefinition SCAOSour Cream and Onion SCAOState Court Administrator's Office SCAOSenior Civil Affairs Officer(US DoD) SCAOSpeech Communication Association of Ohio(teachers' organization) ...
and was intimidated by probate court, antique vehicle maintenance and home management and the hassles of the estate that my sister was in charge of anyway, so I let my family talk me into “selling” it to the next-door-neighbor, Ken. Just about…just about… Ken Barbe and his wife ...
Most states recognize all six covenants, but in some states—like Ohio—warranty deed does not include the covenant of further assurances. The grantor is responsible for any breach of these covenants, even if the breach was caused by something that happened without the grantor’s knowledge and ...
As mentioned above, a tenancy by the entirety creates a right of survivorship. In other words, when one spouse dies, that person's share in the property is automatically transferred to the surviving spouse. This eliminates the need forprobate.2 ...