On behalf of Phillips Law Firm, Inc. | Aug 31, 2020 | Firm News, Probate
For many people going through the probate process, questions can arise about whether the deceased actually had the mental capacity to issue a will at all or whether the person was unduly influenced by someone. For any potential beneficiaries or estate administrators,...
by Kyle E. Hackett | Aug 4, 2020 | Firm News
The premise of Ohio insurance coverage law is that your insurance policy is a contract and contracts are interpreted as if you had the chance to: 1) read it before signing it, 2) negotiate the terms, and 3) agree with that you signed. In the context of consumer...
by Anthony Holman | Apr 30, 2020 | Firm News
Let’s say you beefed up your cybersecurity protections and protocols with your employees now working from home. Kudos to you for being ahead of the curve. This has helped preserve the confidentiality of your trade secrets. But it has also alerted you to the...
by John Phillips | Apr 12, 2020 | Firm News
The need for Income Averaging after COVID-19 Income averaging was a tax break that assisted people with large income deviations up until 1986. After the 1986 Tax Reform Act, income averaging was eliminated for everyone except fishermen and farmers. In the shadow of...
On behalf of Phillips Law Firm, Inc. | Feb 5, 2019 | Firm News
Becoming a parent is a significant life event that opens up new vistas of happiness and sleeplessness. The goal of this four-part article is to provide a general overview and resources to new parents on how to navigate the government, estate planning, and insurance...
On behalf of Phillips Law Firm, Inc. | Feb 1, 2019 | Firm News
Contrary to popular belief, the need for a trust is not tied directly to your level of wealth, although affluent individuals are generally more predisposed to establishing a trust, or multiple trusts, for a variety of reasons. The need to establish a trust is more...
On behalf of Phillips Law Firm, Inc. | Jan 24, 2018 | Firm News
Beyond estate planning to “get your affairs in order,” there are practical matters you should consider attending to, such as how the disposition of your body will be handled. Many people leave these matters to their family members to handle. Under Ohio law there is a...
On behalf of Phillips Law Firm, Inc. | Oct 7, 2016 | Firm News
The federal estate tax exemption, along with many tax threshold amounts and tax brackets are inflation-adjusted. The official inflation adjustments for 2017 will not be released by the Treasury Department until late 2016, but the expected adjustments have been...
On behalf of Phillips Law Firm, Inc. | Apr 19, 2013 | Firm News
by PJK A Gun Trust is a specially designed revocable trust, which is established for the limited purpose of owning your firearms, with a specific focus on NFA Firearms. NFA Firearms are guns and other items that are regulated under Title II of the National Firearms...
On behalf of Phillips Law Firm, Inc. | Aug 8, 2007 | Firm News
You are the Plant Manager for Coaters, Inc., an Ohio Corporation. Founded in 1963, your company prepares and coats a variety industrial equipment for its customers. Your operation uses different preparation techniques before coating depending on the particular coating...
