If the privacy of your heirs and your estate, avoiding probate or limiting estate taxes are a concern for you when preparing your estate plan, you may consider establishing a living trust. However, there are different types of trusts available for people in Ohio and elsewhere, and some options may be better suited for certain circumstances than others. Therefore, you may find it helpful to understand the difference between revocable and irrevocable trusts.
People decide to challenge someone else's estate plan or last will for a broad range of reasons. For example, some people will bring a challenge if a loved one changed their will in the last months of their life while experiencing cognitive decline. Others may challenge a will because they believed someone other than the testator influenced the contents.
Finding capital for a start-up business can be a challenge, which is why some Ohio entrepreneurs accept the help of an angel investor. The capital angel investors provide can help business owners purchase the needed inventory and assets to get their business going, but in some cases an angel investor might burden the business owner with demands that the owner might not have bargained for. So before you take on an angel investor, it is crucial to consider what an angel investor might ask of you.
If you have ever tried to build a home in Ohio, you probably already know how much of a headache this can be. Local governments insist that zoning laws and building codes help to protect consumers from unsafe residences. Some regulations, however, have little to do with safety and more to do with preserving property values.