Dying Without a Will in Ohio: What Your Loved Ones Need to Know
Dying Without a Will in Ohio: What Your Loved Ones Need to Know Wills are more than legal documents—they are acts of love and protection. They tell the world how you want your property and assets distributed and who you trust to care for your minor children. Yet far too many people in Ohio pass […]
Introduction to The “Death Tax” and Gift Tax-(and why you likely do not need to fear the death tax)
At McCarthy Law Office, we proudly serve the Cincinnati and Westside communities, providing trusted legal counsel for all your estate planning needs. One topic that frequently comes up in conversations surrounding estate planning is the so-called “death tax”—more formally known as estate taxes. Estate taxes can be complex, but understanding the basics can help you […]
Caution: Potential Unintended Consequences of Beneficiary Designations
Avoiding probate is often a goal of estate planning clients. A Revocable Living Trust is one way to avoid probate. Another strategy is the use of beneficiary designations. When planning for the future, many individuals use beneficiary designations to ensure that their assets are passed on to loved ones upon their death. Whether it’s life […]
McCarthy Law Office Celebrates 10 Years of Service
McCarthy Law Office Celebrates 10 Years of Service In 2015, Dan McCarthy took a leap of faith and founded McCarthy Law Office with a vision of providing personalized, one-on-one legal services to individuals and families in the Cincinnati community. Over the past decade, the firm has evolved, focusing on helping clients plan for the future […]
Attention Small Business Owners: New Law Imposes Reporting Requirements
Small business owners have one more item on their compliance to-do list as the Corporate Transparency Act (CTA) took effect this year. The CTA,[1] enacted as part of the Anti-Money Laundering Act of 2020 (AMLA), places new reporting requirements on many business entities in an effort to expose illegal activities, including the use of shell […]
End of Year Estate Planning Actions to Consider
As 2023 winds down and the holiday season ramps up, it is a good time to consider several estate planning actions.
What Happens When the Insurance Company Deems Your Wrecked Car a Total Loss?
In Ohio, a total loss occurs where the cost to repair the damaged car is equal to or higher than the Actual Cash Value (ACV) of the car. When a car is deemed a total loss by the insurance company, they are required to either replace the car with a comparable one or pay the […]
Ohio’s New Distracted Driving Law: Phones Down!
According to the Ohio State Highway Patrol, since 2018, distracted driving has led to over 63,000 crashes, over 1,800 fatal or serious injuries, and over 40,000 violations,[1] 39% of distracted driving crashes involve an at-fault driver between the ages of 15 and 24.[2] Previously, drivers over the age of 17 had to commit another traffic […]