In Ohio, real property is transferred via a deed. To successfully convey property from a seller to a buyer there are several formal requirements. Arguably, the most important requirement is the participation of two or more parties, a grantor and a grantee. Both must be either a person or entity legally existing at the time […]
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Planning for a child with special needs requires extra care. Individuals with special needs often depend or will depend on needs-based government benefit programs like Supplemental Security Income (SSI) and Medicaid, which have strict income and asset guidelines for eligibility. Because of those guidelines, leaving an inheritance outright to a child with special needs who […]
It has been over a year and a half since the United States Congress passed the Tax Cuts and Jobs Act of 2017, the famous Trump tax cuts. Early critics of the law included the National Association of Realtors, who predicted that the law would cause housing prices to decline due to provisions capping deductions […]
With advances in technology, our family members, friends, and other personal information may seem more accessible than ever before. But in the event of an emergency, would first responders be able to determine who to contact if something happened to you unexpectedly? Would they be able to quickly determine your blood type or allergy information […]
Mortgage Rates Appear to Decline
| Mar 06, 2019
A recent article on Realtor.com highlights the positive impact this past month’s decline in mortgage interest rates might have on home buyers. The 30-year fixed-rate mortgage averaged 4.35% in the week of February 21, which is down from the 4.37% rate in the prior week. These figures are cited by Freddie Mac. The decline in […]
Housing Market Gives Gloomy New Year’s Forecast
| Jan 03, 2019
A recent article in the Wall Street Journal suggests that the U.S. housing market is predicted to stumble even further in 2019. This past year has seen the housing market plummet, as the cost to buy a new home has increased while inventory has continued to fall. The decline in the housing market has also […]
With the New Year quickly approaching, many people are brainstorming ideas for their “New Year’s Resolution.” Need some ideas? You should consider finalizing your estate plan! After all, what better way to start the New Year than planning for your future and that of your loved ones? While many people associate estate planning with the […]
Clients often express relief after finalizing their estate planning documents. However, even after all your documents are signed, there are still further steps that you should take to ensure that your affairs are in the best possible order.
Avoiding Probate Administration of Your Ohio Real Estate: Survivorship Deeds & Transfer-On-Death Designation Affidavits
| Sep 12, 2018
As an estate-planning attorney, one of the most common concerns that clients have is what will happen to their house upon their death.
Do you have children or plan to have children in the near future? If so, do you have a current estate plan to provide for your children in the event of your death?