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Baker, Dublikar, Beck,
Wiley & Mathews
330-470-7780

October 2019 Archives

Pick the right structure for your business needs

When you're starting a business, it's easy to get overwhelmed. There's a lot to do -- not the least of which is deciding what type of business entity you want to use. The decision should be made early not only because it may be difficult to change later, but because it will also have significant financial and legal consequences.

What are the first things an executor should do?

Being someone's executor is a huge responsibility -- and it can be rather overwhelming. Not only are you coping with your own feelings about your loved one's death, but you have to immediately start dealing with the estate.

How does lack of mental capacity factor into challenging a will?

Not everyone who creates a last will is in a legal position to do so. Sometimes, individuals may attempt to create or alter a last will when there is reason to worry about their mental state. As people age, their cognitive function can decline. It is also possible for those with serious medical conditions like Alzheimer's disease to reach a point where they can no longer make rational and legally viable decisions on their own.

Can you name anyone as an executor?

One of the most important aspects of estate planning is naming someone to be the executor of your will. In Ohio, an executor must be at least 18 years old and mentally competent. Unless you waive the requirement for your executor to obtain a bond from an insurance company, you must name someone who has a good credit history and no criminal record. Overall, one of the most important aspects of an executor is that he or she is someone you trust to follow the instructions in your will.

Ohio is becoming king of natural gas and shale

Ohio has played a big role in the oil and gas industry for decades. Over the past few years, coal and nuclear plants have been shutting down, but the Buckeye State has been growing its natural gas and shale contributions to replace them.

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400 South Main Street
North Canton, OH 44720

Phone: 330-470-7780
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