|Posted by ronkoehler on May 16, 2019 at 2:25 PM||comments (0)|
Sometimes I get a call from a new client, who years ago purchased a Revocable Living Trust, but can't get a hold of the attorney who prepared it, to review and make any necessary changes. It is a good idea to have your trust reviewed, to make sure it will accomplish what you want, and to make sure that it won't leave undesirable results. An example of undesirable results is the situation where an AB trust was created back when the federal estate tax laws were very different. ...Read Full Post »
|Posted by ronkoehler on August 14, 2013 at 6:35 AM||comments (0)|
Communication is the key to succeeding in getting all to cooperate in providing care for elderly parents. Here is an excellent article on how to do it. http://www.care.com/senior-care-negotiating-senior-caregiving-with-siblings-p1017-q19670135.html
|Posted by ronkoehler on June 25, 2013 at 8:40 PM||comments (0)|
I once knew a couple named Tony and Tina (names have been changed) who were my clients. They had reached the point in their lives where they wanted to downsize. The kids were grown and on their own, and the big house with the big lawn that had to be mowed was more of a hassle than they wanted. They looked around and found a condominium that was a perfect fit: all on one level (Tony's knees didn't like stairs), no yard to mow, and a guest bedroom for visi...Read Full Post »
|Posted by ronkoehler on December 24, 2012 at 9:10 AM||comments (0)|
Whereas, on or about the night prior to Christmas, there did occur at a certain improved piece of real property (hereinafter "the House") a general lack of stirring by all creatures therein, including, but not limited to, a mouse.
A variety of foot apparel, e.g. stocking, socks, etc., had been affixed by and around the chimney in said House in the hope and/or belief that St. Nick -- a.k.a. St. Nicholas, a.k.a. Santa Claus -- (hereinafter...Read Full Post »
|Posted by ronkoehler on November 1, 2012 at 8:35 AM||comments (0)|
An interesting development in Ohio foreclosure law. Banks have been filing foreclosures before they received the assignment of mortgage from the bank they bought the mortgage from. Many judges have wrongly allowed the foreclosures to go forward. I have always argued that the bank lacks standing to sue, and can't get standing to sue retroactively. The Ohio Supreme Court now agrees with me. A unanimous decision.
Click on this link to see the full ann...Read Full Post »
|Posted by ronkoehler on August 27, 2012 at 8:50 PM||comments (0)|
In these difficult economic times, many people have run up a lot of credit card debt, and some have repeatedly re-financed their home cashing out more equity each time, leaving themselves with a house worth less than what is owed on the mortgage. Ohio law provides a mechanism for resolving the estate of a person who owes more than their probate assets are worth. It is called an insolvent estate, and the law allows certain debts to have a higher priority than others. For inst...Read Full Post »
|Posted by ronkoehler on August 2, 2012 at 4:40 PM||comments (0)|
If you own real estate, there are easy and inexpensive ways to transfer it to your heirs without it going through probate when you die. One way is to have a Joint Survivorship Deed prepared. If you and your spouse aren't sure if you already own the real estate as joint survivors, I can check for you. About half of married couples who own real estate, don't own it as joint survivors. If you purchased your property before 1972, it was not put in joint survivor form because the law didn't ...Read Full Post »