One of the most common questions asked by clients of probate litigation attorneys is if they are able to contest a will. It's a good question to ask, as simply being dissatisfied with the provisions in a will is insufficient grounds for contesting its validity.
Now that it is tax season, residents in Ohio who received an inheritance last year may be wondering if they are responsible for any taxes related to the property. The good news is beneficiaries are not responsible for any taxes on items they receive as part of an estate. However, if property was sold, the sellers may have to pay taxes.
If you and your Ohio-based business have entered into a partnership, joint venture or agreement with another business only for that business to fail to uphold their ethical responsibility to you as the beneficiary of the agreement, this may constitute a breach of fiduciary duty. But what exactly is a breach of fiduciary duty, and how does it involve you?
Although regulations have been in place for awhile, healthcare providers in Ohio should brush up on compliance laws on a regular basis. This is especially important for those practitioners looking to open their own office, as the penalties for not observing the guidelines can be stiff.
Ohio residents who want to properly manage their money and other assets may find a trust is the way to go. Not only is it a method to protect the owner and their assets after death or in the case of mental incapacity, but the owner can also direct how the assets are distributed in a responsible manner.
Business owners in Ohio who want to expand their company into another state may need to go through a process called foreign qualification. The term may be confusing as it seems to refer to doing business in another country, but this is not the case.