Starting a business was a major career and life decision. The decision to sell a business also falls into that category. Still, many Ohio business owners may feel that the time has come to relinquish their companies for various reasons. Some parties may feel that they need a change due to career burnout and others may no longer feel able to keep up with the financial obligations of running a business. Whatever the case, it is important to have the right information and assistance.
Probate is the time to handle a decedent's debts
The executor of an Ohio estate has many responsibilities to address. Often, individuals who take on this role have no formal legal or financial training, and while having those skills can certainly come in handy, not having them could result in executors needing assistance when it comes to handling probate. In particular, they may wonder how to handle the decedent's debts.
Three common myths about financial powers of attorney
A financial power of attorney (POA) can be a useful estate planning tool for almost all adults. Yet, many who would benefit from this document avoid creating one.
