It’s a new year, and that means that tax season is around the corner. Like many other Toledo residents, you may be starting to gather your documents whether you want to get your taxes out of the way or file them at the deadline. As part of your preparation, you may be...
Sometimes it makes more sense to set up a generation skipping trust, particularly if the objective is to reduce the size of tax obligation among family members. This trust does this by directly placing assets with grandchildren and future generations rather than...
Many of us have heard the term “Roth IRA” and may even understand that it is a good way to avoid paying unnecessary taxes or avoiding probate. Needless to say, many out there believe that there is a lot to like about this estate-planning tool. Some basics about the...
Problems with taxes and the Internal Revenue Service can affect anyone. You may think you are in line to stay on top of your tax obligations only to later experience a major financial setback. As a result, you may not have the ability to pay your taxes, and your...
The family home will be most American’s biggest investment. However, many individuals and businesses engage in buying commercial property. The purchase of commercial property involves the same concepts as residential property, but there are often different issues. And...
Thinking about contesting a will during probate is a fairly common part of the process for many. Of course, the standing of the objecting party will have a lot of bearing on the matter with children of the decadent ranking much higher than a distant cousin once...
The end of the year is coming up fast, particularly for small business owners. While there are a million details to resolve in what may be your busiest time of year, it is wise to think about the fiscal health of your business. There are a several tax and financial...
The internet has made it easier to sell or determine the value of collectable objects. Nevertheless, families may have no idea what the value of some old stamps, rare books, comic books or even that vintage car. Perhaps a parent was a little self-conscious about how...
After a loved one dies, you and your family will likely experience many endings and closings. Among these is the process of probate, which legally closes a deceased person’s estate, pays any lingering debts and distributes the remaining assets. To many, probate is a...
Real estate investments can be risky, particularly when it is for property outside the United States. Serial scammer Andris Pukke and others have now been charged with swindling more than $100 million out of American investors for property located in Belize. According...