For Ohio residents planning their estates, living trusts represent a powerful tool for protecting their legacy and ensuring smooth asset transitions. According to the Ohio State Bar Association , proper estate planning can significantly impact how your assets are managed and distributed. Let’s explore everything you need to know about living trusts in Ohio. What...
What Is a Living Trust and Why Consider One? Estate planning is a critical step in securing your family’s financial future, yet many people put it off, thinking a simple will is sufficient. However, a living trust offers significant advantages that a will alone cannot provide. A living trust is a legal document that, like...
If you’ve recently received your property tax bill and experienced sticker shock, you’re not alone. With property values continuing to rise across Ohio, many homeowners are finding themselves facing significantly higher tax bills. However, there’s good news: you have the right to challenge your property’s assessed value, and potentially reduce your tax burden. Understanding the...
Estate planning isn’t just for the wealthy or elderly – it’s a crucial step everyone should take to protect their loved ones and ensure their wishes are carried out. At HV Legal, we regularly see how proper estate planning can prevent family conflicts and provide peace of mind for all involved. A common misconception is...
As we enter 2025, the Supreme Court’s docket includes several consequential cases that could significantly impact various areas of law. Here’s what practitioners and clients should know about some of the most notable cases: Ghost Guns and Federal Regulation In Garland v. VanDerStok, the Court will determine whether the Bureau of Alcohol, Tobacco, Firearms and...
Starting a nonprofit organization can be an excellent way to make a difference in your community, but navigating the IRS application process requires careful attention to detail. Here’s what you need to know about forming a 501(c)(3) and obtaining tax-exempt status from the IRS. First Steps: Creating Your Nonprofit Entity Before applying for tax-exempt status,...
