Helping individuals and businesses take advantage of asset protection laws
The Ohio Management Modernization Act, which became effective on March 27, 2013, now allows Ohioans to put assets in a trust (of which they are a beneficiary) and protect those assets from creditors. This newly permitted trust is called an Ohio Legacy Trust.
An Ohio Legacy Trust must be irrevocable and the settlor (the person…
An article in last Sunday’s Cleveland Plain Dealer by Sheryl Harris noted that since July, the Federal Consumer Financial Protection Bureau (CFPD) has received more than 5,300 consumer complaints about debt collectors. More than 40% of those complaints were by people who said they were being pursued for debts they do not owe. Other complaints…
