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Estate planning is a crucial aspect of financial and family security, yet it is often overlooked or postponed. For privately held business owners in Cincinnati, Ohio, understanding when to get serious about...
Continue ReadingMany people understand that a living trust helps them avoid probate. This is true, to the extent that the trust is funded at the time of death. A trust can be a wonderful estate planning tool for many reasons,...
Continue ReadingThe Solutions attorneys at BHMK are thought leaders in growing, protecting, and servicing privately held business owners and their families. This week BHMK CEO Brian Redden Esq leads the discussion as AFHE,...
Continue ReadingThe Corporate Transparency Act (“CTA”) was passed in January 2021 over presidential veto as part of the 2021 National Defense Authorization Act. Beginning on January 1, 2024, The CTA mandates onerous...
Continue ReadingIt was reported this week that famed soul singer Aretha Franklin died without a Will or Trust. This problem not only throws all of her assets and liabilities into the public eye of probate and to the intestacy...
Continue ReadingRevocable trusts offer a number of benefits, such as avoiding probate which can help save money as well as time while maintaining privacy. However, there are times when people may decide to take a second look...
Continue ReadingWe have covered many aspects of estate planning and the probate process on this blog, from naming a trustee to the benefits of a trust (such as avoiding court) and probate disputes. However, there are many...
Continue ReadingOur law firm has reviewed some of the different types of trusts on our blog, such as spendthrift trusts. However, there are other types of trusts that may be preferable, given a person’s unique circumstances....
Continue ReadingThere are many options when it comes to trusts, but creating one that is appropriate under your own personal circumstances is essential. From revocable trusts to irrevocable trusts, there are an array of...
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