This article is the first in a series of articles on how music rights and royalties are inherited. Was your deceased loved one a songwriter or performer? You might be entitled to inherit their music rights, which comes with a right to receive royalty payments each time a song is played, performed, sampled or streamed. […]
Continue ReadingCLF Blog
Investing Estate Funds in Ohio Probate: Legal Strategies for Executors
Introduction When you open a probate estate case in Ohio, the executor or administrator is responsible for managing the assets wisely until they are distributed to the beneficiaries. Most often, this is thought of not wasting, recklessly investing, or neglecting the assets. However, if an estate is large or has a lot of cash, fiduciaries […]
Continue ReadingSimplifying Probate with Advanced Bond Solutions
Probate proceedings often require executors, administrators, and trustees to secure a probate bond as a safeguard for estate assets. Without a reliable and efficient bonding process, delays can increase the stress already associated with estate settlement. Thankfully, advancements in technology have transformed how clients can obtain probate bonds, offering faster, more reliable solutions. One example […]
Continue ReadingHow to Own Your Real Estate
Real estate encompasses not only one’s primary residence but also other real estate such as a vacation home or a rental property. The ideal form of ownership varies depending on the type of real estate you own. Below, we take a look at the different types of real estate and offer advice about the best […]
Continue ReadingThirteen Estate Planning Terms You Need to Know
Estate planning—it is an incredibly important tool, not just for the uber wealthy or those thinking about retirement. On the contrary, estate planning is something every adult should do. Estate planning can help you accomplish any number of goals, including appointing guardians for minor children, choosing healthcare agents to make decisions for you should you […]
Continue ReadingUnderstanding Medicaid Planning: Securing Your Future Health Care Needs
As we age, the cost of long-term care becomes a major concern. Medicaid, a government program that helps cover health care costs for people with limited income, can be a part of the solution. However, qualifying for Medicaid can be complex, and proper Medicaid planning can make a big difference in securing the assistance you […]
Continue ReadingReviewing Your Estate Plan after the Death of a Loved One
The death of a loved one is never easy. Regardless of your relationship with the deceased (for example, a relative, significant other, or close friend), you need space and time to process and grieve your loss. Once you have had time to cope with all that has happened, you should consider updating your estate plan […]
Continue ReadingHow to Choose a Trustee
Selecting a trustee for your living trust is a big decision. A trustee manages assets, distributes funds, and ensures the trust’s purpose is upheld. Because the trustee holds so much responsibility, it’s essential to choose someone with the right qualities. Here, we’ll look at the most critical factors—trustworthiness, financial acumen, understanding of the trust’s purpose […]
Continue ReadingEstate Planning Tips for Every New Homeowner
Congratulations on the purchase of your new home! Whether this is your first home or you are moving to a new home, the purchase of a home is a big event in your life. When major life events occur, it is important that you have a plan in place to ensure that you are properly […]
Continue ReadingEstate Planning Awareness Week: The Importance to You and Your Loved Ones of Having an Estate Plan
In 2008, Congress recognized the need for the public to understand the importance and benefits of estate planning by passing House Resolution 1499, which designated the third week of October as National Estate Planning Awareness Week. Nevertheless, according to a 2021 survey conducted by Caring.com, only 33 percent of adults in the United States have […]
Continue Reading
