Business succession and estate planning are often difficult challenges as each situation is so unique to each family and business. To help clients, Lee has created two primary principles he’d like them to consider while they undertake business and estate planning.
First, Lee believes that mom and dad are always right. Second, he believes that family businesses can remain viable for generations while still treating non-business family members fairly.
Lee R. Schroeder is an Ohio licensed attorney with Schroeder Law LLC in Ottawa. He limits his practice to business, real estate, estate planning and agriculture issues in northwest Ohio. He can be reached at lee@leeschroeder.com or at (419) 523-5523. This article is not intended to serve as legal advice, and specific advice should be […]
Most people have at least some debts in their life as much of our economy’s spending is based upon borrowed money. Usually our debt is manageable as those who lend us money typically won’t lend us more than we can afford to pay back. However, sometimes sicknesses, job losses and other unforeseen situations put in a financial position that won’t allow us to pay off our debt. So what happens when you can’t pay off your debts?
Lee R. Schroeder is an Ohio licensed attorney with Schroeder Law LLC in Ottawa. He limits his practice to business, real estate, estate planning and agriculture issues in northwest Ohio. He can be reached at lee@leeschroeder.com or at (419) 523-5523. This article is not intended to serve as legal advice, and specific advice should be […]
For some, power of attorney can be confusing. The people normally named in powers of attorney are often not even lawyers. In powers of attorneys, there is a principal who grants to someone else the ability to act on his or her behalf. There is also an agent in each power of attorney, and the agent is the “attorney in fact” who acts on behalf of the principal.
Whether or not you use or make money on real estate, you pay taxes on that real estate every year. Ohio has been taxing real estate based upon the value of the real estate since the year 1825. Government entities, churches and charities often do not have to pay real estate taxes. There are four main ways that businesses and people can get a bit of relief from real estate taxes.
Regardless of marital status, whether kids are in the picture, health and age, certain key documents are a key part of every adult’s moral responsibility to their family and friends. Many people think they’re too healthy or too young to worry about a will or power of attorney. However, in Lee’s opinion, every adult should have three legal document in place: general power of attorney, healthcare power of attorney and a will.
Candidates face rules when campaigning, and in Lee’s opinion, the most difficult office to campaign for in Ohio is judge. Every person who runs for judge must attend a course that goes over all the rules that govern that person’s advertising to be judge. The requirements are strict, and can sometimes the rules can be paralyzing.
Our neighbors can inspire and motivate us to consider investments, vacations and other improvements for our lives. In addition to discussing potential improvements and purchases, it’s great when neighbors discuss their estate planning experiences to encourage each other to properly identify their wishes for their surviving family and friends. But it’s important to keep in mind that while your neighbor may have what sounds like a great plan in place, your life may be different enough that another model would be a better choice for your estate plan. It’s important to discuss your estate planning with an attorney who can help you make sure you’ve made the right choices.
Buying and selling happens constantly in our society. Normally the purchaser gets some sort of documentation from the seller to prove that the purchaser acquired the item properly. A receipt evidences proper ownership for quite a bit of personal property. But for some items, such as items purchased at an auction or from farm implement dealers, the evidence of ownership is called a “bill of sale.” In real estate, the proof of ownership is called a “deed.”