I was speaking with a client recently and we were discussing their jointly owned property. This client owned all of their bank accounts, investments and home jointly with their spouse.This client told me that they read something online that said that they could make the settlement of their estate very easy if they simply named […]
By Daniel A. Perry, Esq.This is a question that I address on numerous occasions with many of my clients. Unfortunately, many times, people pick the wrong successor trustee for their living trust.TrustsAs a brief summary, a trust has three parties. First, you have the grantor (sometimes called the trustor or trustmaker). This is the party […]
by Daniel A. PerryEvery time I speak with clients regarding setting up and establishing their estate plan including their Last Will and Testament, Disability Legal Documents, and Trust documents (whether they are revocable or irrevocable), I always tell my clients the same thing.“We Can’t Stop Here Now That All Your Documents Are Complete. We Must […]
by Daniel A. Perry, Esq.A common story that I hear nearly every day in my law practice is regarding the nursing home. Almost every week I will receive a call to my office from the adult children of an aging parent. The children almost always call in a panic because they admitted their mother to […]
Every time I meet with a client I hear the same misconception, “We have life insurance, but that is tax free for our children, right?” Wrong! Life insurance death benefits are not necessarily tax free. Life insurance death benefits are included in your taxable estate when it comes to calculating the estate tax liability. Therefore, let me […]
by Daniel A. Perry, Esq.I was recently speaking with a husband and wife couple. This couple asked me an interesting question. They asked when is it a good time to review a previously drafted estate plan. Well, that’s a great question! However, if you have to ask, then today is probably a good time to […]
Aronoff, Rosen & Hunt recently earned five national and Cincinnati Best Law Firm awards for distinction from U.S. News & World Report and Best Lawyers.Recognized firms receive the rankings for professional excellence through consistent and impressive ratings from clients and industry peers, according to the November award announcement. Receiving a tier designation reflects the high […]
The United States started taxing assets at death by enacting the Stamp Act in 1797. In subsequent years, the new government used estate taxes sporadically to finance wars. But after World War I, the U.S. didn’t repeal the tax – instead choosing to increase rates and introducing the gift tax in 1924. Since then, rates […]
Kathy Buglione is a fan of working at law firms, but she’s also one of the biggest fans of a local sports franchise.A graduate of Mother Mercy High School in Cincinnati, Kathy’s worked in a variety of legal specialties – from domestic law to personal injury and worker’s compensation to intellectual property.Starting as an Aronoff, […]