AR&H News & Blog
The Dangers of Underreporting Family Limited Partnership Income
By Daniel A. Perry, Esq. A Family Limited Partnership (FLP) is a family-controlled business entity which provides liability protection and a manner to transfer business assets, and other assets, to the next generation without giving up control during the owner’s lifetime. When it comes to family businesses, this can be a very powerful estate planning tool. […]
How to Protect Life Insurance Proceeds from Creditors
By Daniel A. Perry, Esq. I was speaking with a client recently as part of their comprehensive estate and wealth planning and they asked if their life insurance proceeds would be protected from creditors in the event of their death. This is a very common question and the answer depends almost entirely upon state law. In […]
IRA Distribution Tax Planning Under the CARES Act
By Daniel A. Perry, Esq. The Coronavirus Aid, Relief, and Economic Security Act (commonly referred to as the CARES Act) was signed into law by President Trump, following bipartisan support, on March 27, 2020. In total, this was a $2.2 trillion-dollar stimulus package. Since then, there have been discussions in Washington D.C. regarding a second and […]
Major Coronavirus Legal Issues Affecting Businesses
By Daniel A. Perry, Esq. As of the date of this article, several states are beginning to lift their shelter-in-place and social distancing orders. As a result, many more people will be returning to work in the weeks and months ahead. From a public health perspective, it is yet to be seen whether this is a […]
Do You Have to Spend Down Your Assets to Qualify for Ohio Medicaid?
By Daniel A. Perry, Esq. A common misconception that many clients have is that, while receiving long-term nursing home care, all of their assets must be spent down in order to qualify for Ohio Medicaid assistance. In order to address the implications of long-term care, we must first discuss how one qualifies for Medicaid in Ohio. […]
Five Steps for Families during the Estate Administration Process
By Daniel A. Perry, Esq. If you are reading this article, you have likely been faced with the death of a loved one. If that is the case, please let me express my condolences for your family’s loss. You probably have many questions about the legal aspects of estate administration. Here are just a few of […]
Asset Protection Strategies and Timelines
By Daniel A. Perry, Esq. I was recently speaking with a client regarding a real estate transaction when the conversation suddenly turned to asset protection strategies. During our conversation, the client wanted to know when they should start protecting their assets. The answer? The sooner the better. There are many asset protection strategies that have time […]
Should You Leave Your Home to Your Child?
By Daniel A. Perry, Esq. I was recently asked by a client whether putting their home into their kids’ names could make things easier when they pass away. This client wanted to make sure they established their estate plan correctly to make the home transfer simple for their children. This client had heard about Medicaid, the […]
Were You Legally and Financially Prepared for the COVID-19 Outbreak?
By Daniel A. Perry, Esq. Like many of you, I have been working from home over the last several weeks as a result of the COVID-19 outbreak. A few nights ago, I was watching a television show about businesses which were not prepared for the 2008 economic contraction and recession. The show also highlighted the 1918 […]
The CARES Act and Your Business
By Daniel A. Perry, Esq. UPDATED — April 7, 2020: The Families First Coronavirus Relief Act and the CARES Act have added some additional regulations for small businesses. If you are an employer with less than 500 employees, the Family Medical Leave Act now applies to you and you may be required to provide paid sick […]