Business clients typically minimize exposure to creditor claims by
using liability-limiting business structures, by maintaining appropriate
insurance coverages, by maximally funding qualified retirement plans
and by dispersing asset ownership within the family.

High-net-worth clients, whose activities subject them to
extraordinary claims, may now also use an additional tool to protect a
portion of their assets – an Ohio Legacy Trust (OLT).

Placing assets into a plain vanilla revocable living trust does not
shield them from creditors. An OLT is an irrevocable trust, the assets
of which are protected. An OLT is funded with “excess” assets – assets
that are not needed to take care of existing obligations and assets that
are not “already-protected.”

Step 1: Solvency analysis.  

 Assets are listed and debts deducted, along …

Q: How long does a solar lease last?

A: The term of a solar lease is typically between 20 and 30 years

Q: What effect will the solar lease have on my property?

A: If you currently receive a special tax valuation (in Ohio
a “current agricultural use valuation,” in PA a valuation under Act 319) you
may lose that status and have your real estate taxes increase.  There may be a recapture of previous taxes
that were foregone.  Finally, the
installation of the solar facility may trigger a personal property tax.  The lessee should agree to pay these
assessments.

Q: What does a solar array involve? 

A: A solar array involves row after row of dark panels mounted on posts. There might also be associated equipment …

The fine folks at the Business Journal stopped in to see the progress I’ve been making on a rather large painting for the City of Canfield.
You can view their video interview of me here.

A local woman called this afternoon indicating she had received a voicemail from our office requesting credit card information.  I verified that nobody in our office had ever heard of this particular person, and that nobody in our office made such a call.  It would appear, then, that someone is spoofing our office’s phone number in an attempt to defraud people of money.
Caller ID is quite easy to manipulate.  Many smartphone apps permit a caller to select the number they appear to be calling from. The Federal Communications Commission offers this information about Caller ID “spoofing.”
Here, the caller poses as a law firm attempting to collect on a debt.  Some firms (particularly collection law firms) make similar, legitimate phone calls, …