Background The Secure 2.0 Act (Secure 2.0), a sweeping retirement bill included in Division T of the Consolidated Appropriations Act of 2023, was major a bipartisan accomplishment of the 117th Congress. The bill included 82 provisions to expand coverage and increase...
Losing a loved one is one of the hardest things we will ever have to go through. Unfortunately, it is a reality we all face at some point in our lives. During this time of grief and confusion, it can be overwhelming to try and figure out what needs to be done next. As...
People are living longer than ever. For many, there will come a time when they need some amount of help to live. There are home health services and nursing home care, which are both covered by Medicaid. However, many people need services in between in an assisted...
Lately, more and more Americans are learning the importance of having an estate plan in place due largely to growing inflation, yet a surprising few of them have actually taken the steps to write one out. A 2023 survey conducted by Caring.com found that only 34% of...
The Corporate Transparency Act of 2020 (CTA) passed through Congress on Jan. 2, 2021. The CTA was enacted to prevent companies from being able to conceal ownership of businesses where concealment could facilitate illicit activity such as money laundering, financing of...
For more than 130 years, Ohio has strictly prohibited postnuptial agreements and spouses were not able to enter into agreements with each other that altered their spousal rights. Additionally, Ohio has restricted amendments and termination of prenuptial agreements....
In a major shift in Ohio law, Ohio spouses are now legally permitted to enter into postnuptial agreements as of March 23, 2023. After a long history (more than 130 years) of rejecting postnuptial agreements, Ohio joins 48 other states in allowing parties, after...
Federal regulators took over Silicon Valley Bank after shutting it down on Friday – two days after SVB’s announcement that it had lost almost $2 billion in Treasury bonds. The bank, which caters to many of the world’s most powerful tech investors, is the largest to...
Quality Matters: Estate Planning Is No Exception The other day, my hot water tank broke. At first, I just thought the pilot light went out. I was easily able to follow the directions to get the pilot light back on, but the water didn’t heat up. So, I went back and...
If probate is needed, the process usually begins soon after a loved one passes away. The probate process can be long, stressful, and expensive. Some family members are able to manage it on their own without an attorney, but it is typically a much too involved and time...