Spring Break is fast approaching for many school districts here in Central Ohio. Amid the excitement of booking flights, reserving hotels, and arranging thrilling activities, one crucial aspect of travel planning is often forgotten: preparing a Kids Protection Plan to ensure the safety and care of your children should an unexpected event occur.
At the Law Offices of DuPont and Blumenstiel, we work with individuals and businesses throughout Ohio to protect their wealth from unforeseen risks. Asset protection is more than just a strategy; it’s an essential approach to preserving what you have built.
We often find that many Ohio residents have misunderstandings about trusts. These legal tools provide significant advantages for estate planning, yet misconceptions prevent individuals from fully utilizing them.
Estate taxes are often misunderstood, which creates a major roadblock to effective planning. Many people fail to prepare properly due to misinformation or a false belief that estate taxes don't apply to them.
Trusts can provide protection for your beneficiaries, help reduce taxes, and allow for your assets to be distributed according to your wishes. However, not all trusts are created equal, and choosing the right one for your estate plan requires careful consideration. In this article, we’ll explore 5 different types of trusts that we commonly draft in our office, as well as their advantages and limitations.
Advance directives are legal documents that allow individuals to outline their healthcare preferences in advance, should they become unable to communicate or make decisions for themselves. These documents are often used in situations where a person faces a serious illness or injury, leaving them incapacitated.
Gun trusts are legal entities designed to hold firearms and related assets while staying in compliance with federal and state laws. In Ohio, understanding gun trusts is crucial for responsible firearm ownership.
The federal tax code has very specific rules about how much you are allowed to give to others each year—and over the course of your lifetime—in the form of a gift. But not every gift is subject to tax. Learn how you can avoid gift tax via tuition and medical exemptions.
Most people believe that receiving a large inheritance from a loved one would be life-changing. However, one study found that about a third of Americans who had received an inheritance eventually experienced a decrease or no change in their wealth. If you're expecting to receive an inheritance, here are 3 steps you can take to make it last.
Whether this is your first home or you're upgrading or downsizing, purchasing a home is a big event in life. When major life events occur, it is important to update many different entities and documents.
