CTA Reporting No Longer Enforceable
On March 2, 2025, the Financial Crimes Enforcement Network (FinCEN) announced that it would no longer enforce the Corporate Transparency Act’s (CTA) deadline to disclose beneficial ownership information (BOI). Therefore, there is nothing further that needs to be done...
What is Elder Law?
I get asked pretty regularly, what is Elder Law? Elder Law can be a variety of things but in our practice, Elder Law is assisting Senior Citizens with getting the government benefits that they need to help them get the long-term care they need. The biggest part of...
CTA Reporting Temporarily Postponed
Yesterday marked a nationwide preliminary injunction blocking the enforcement of the Corporate Transparency Act reporting requirements. The Corporate Transparency Act (CTA) went into effect January 1, 2024. It mandated that all beneficial owners of entities filed with...
2 Times When Your Will Does Not Matter
There are two times when your Will does not matter: When you have beneficiaries listed on specific assets, such as life insurance, IRA, 401(k), bank accounts, property, and vehicles, etc. You own an account/asset jointly with someone else. Examples: Your Will states...
What Happens if I Die Without a Will?
If a person dies in the state of Ohio without a Will, they have died intestate. The Probate Court will then use the “Statute of Descent and Distribution” to determine who will receive your assets. The Statute works as follows: Single with children – All to your...
Trust Funding: Why Setting Up a Trust is NOT Enough
As an Elder Law/Estate Planning Attorney, I hear on a regular basis, "I have a trust, I'm good." But last night was the first time that I ever heard my own SPOUSE make that comment. I proceeded to ask if he had updated beneficiaries or even added beneficiaries to...
My Will Avoids Probate… Or Does It?
Let me let you in on a little secret: your Will does not avoid probate. In fact, reliance on a Will is a one-way ticket to the Probate Court. Your Will’s job is to tell the Probate Court who you want your assets to go to at your passing and who you want to be in...
I should get my legal advice from ______________ (fill in the blank).
Over the years, I have heard plenty of crazy stories of people getting legal advice from the bank teller, the hairdresser, the financial advisor, the Medicaid caseworker, etc. Just because your neighbor’s hairdresser’s mother, went through the “same” situation,...
What You Need to Know When Protecting Assets From Nursing Home Costs
Did you know that if a person needs nursing home care, they do not have to spend all of their money on the nursing home? There are ways to protect a portion of their assets, even if they are already in a nursing home now. However, we can usually protect more of the...