A recent release by a well-known Nevada asset protection lawyer ranks states by their domestic asset protection trust laws. Ohio was ranked in the top 5 nationwide, at number 4 (behind only Nevada – in which the ranking lawyer lives and practices law, South Dakota, and Tennessee).
Continue Reading Ohio Ranked in the Top 5 For Asset Protection Trust Laws
J. Paul Fidler
Asset Protection Beyond the Grave: Claims Against a Deceased Person’s Assets
By J. Paul Fidler on
In 2017 there have been a variety of discussions among leading estate planning attorneys about the extent to which Ohio law now protects a deceased person’s assets from the claims of a creditor. For many years it has been clear that a creditor could make claims against the probate assets (assets passing under a will) of the deceased person, at least so long as the claim is made timely (i.e., within six months of death) and presented appropriately (e.g., to an executor appointed by the probate court). Ohio’s procedures are friendlier to estates and more hostile to creditors than some other states, but the general ideas are similar.Continue Reading Asset Protection Beyond the Grave: Claims Against a Deceased Person’s Assets