Estate Planning, Probate Administration and Business Counseling are our main practice areas at Valente Law, LLC. Proudly serving clients in Cuyahoga County, Summit County and surrounding areas.

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Akron, Cleveland Estate Planning Attorney Explains Health Care Power Of Attorney

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POA Form

Akron, Cleveland Estate Planning Attorney Explains Health Care Power Of Attorney

In our experience assisting clients in and around Akron, Hudson, Cleveland, Westlake, and Independence, Ohio, we hear many questions about the very important Ohio Health Care Power Of Attorney (HCPOA).  Here we answer some of these questions. (more…)

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Business LLC Lawyer Explains LLC Formation and Management

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LLC Lawyer Explains LLC Formation and Management

LLC Lawyer Drafts Corporate Record Book DocumentsIn this blog entry, local Cleveland, Akron area LLC lawyer, Eric Valente explains the basics on LLC formation and management.  For more detailed information on LLCs, check out our main business law information page. (more…)

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Cleveland, Akron Area Probate Lawyer Gives Instructions to Executors

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Responsibilities of Executors

 

 

Explanation of Executor Duties and Directions from a Cleveland, Akron Area Probate Lawyer

Have you been named as an executor?  If so, your head is probably spinning thinking about all the different things you must do for the probate estate.  Be sure to check out our main information page on probate estate administration after you read this. (more…)

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Real Estate Lawyer Helping For Sale By Owner Sellers and Buyers Without Realtors

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Real Estate Lawyer

Cleveland, Akron Area Real Estate Lawyer Helping “For Sale By Owner”

As a Cleveland, Akron area real estate lawyer, more and more frequently we get calls from clients asking us if we can handle the legal paperwork to sell their homes!  We are happy to help! With Zillow and Trulia making it so easy to list your home for sale, a lot of people are deciding to sell by owner to save money by avoiding the realtor’s commission. (more…)

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Information on Power of Attorney Forms

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Power of Attorney (POA) Form

Power Of Attorney – Explained by local Cleveland, Akron area Lawyer

While helping clients around the Hudson, Westlake, and Independence areas of Ohio, we often hear questions about the important topic of power of attorney forms (POAs).  This entry discusses the financial power of attorney, commonly referred to more formally as a “General Durable Power Of Attorney” (more…)

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Not Having a Trust is Bad. Not Having a Will is Even Worse.

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Cleveland, Ohio, Akron, Ohio, Hudson Ohio will lawyerEvery adult should have a will!  Most adults should have a Trust, too!

Wills and Trusts are important estate planning tools that every adult should consider.  As a Will and Trust lawyer I see firsthand the pitfalls of not planning ahead for your health and wealth.  Not having a Will or a Trust is one of the biggest estate planning mistakes you can make. (more…)

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Probate Estate Administration Guide for Executors from Cleveland, Akron, OH area Probate Lawyer

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Executors Guide from Cleveland, Akron, Ohio Probate Estate LawyerProbate estate administration is one of our main focus areas at Valente Law, LLC.  As a probate estate lawyer in the greater Cleveland, Ohio, Akron, Ohio areas, we regularly practice in Cuyahoga County Probate Court, Summit County Probate Court, Medina County Probate Court, Lorain County Probate Court, and all surrounding areas.  We have the experience and knowledge to make the probate estate process easier on our clients.

Probate Estate Executor’s Duties and Probate Process

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Estate Planning Frequently Asked Questions – Answered by a Cleveland, Akron Area Estate Planning Attorney

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Estate planning is a very broad term used to describe the process through which an individual designs, executes and implements a series of documents that provide for the management and distribution of assets.  Estate planning also includes planning for your healthcare. I will answer some of the most frequently asked questions from my Cleveland, Akron area estate planning clients. However, if you have any other questions about estate planning, please take a look at our main Wills, Trusts and Estate Planning Lawyer Page.

Q: What is the purpose of estate planning?

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Start-Up Businesses in Ohio – Cleveland Business Attorney Explains How to Start an Ohio Business

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So, you want to start a business in Ohio, but don’t know where to begin?! Well, starting a business in Ohio is pretty simple.  The hard part is running the business and making it profitable.  Luckily, I’m a Cleveland, Akron area business attorney and I can help you with the whole process. (more…)

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Ohio Asset Protection Trusts Explained by Cleveland, OH Estate Planning Attorney

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Ohio Legacy Trusts and Asset Protection Trusts by Cleveland AttorneyOhio has been on the cutting edge of asset protection trust legislation since enacting its Ohio asset protection trust code in 2013.

Chapter 5816 of the Ohio Revised Code sets forth the rules and regulations for Ohio Legacy Trusts.  Ohio Legacy Trusts are sometimes referred to OLTs.  Ohio Legacy Trusts are a form of Asset Protection Trusts. Specifically, Domestic Asset Protection Trusts (DAPT). (more…)

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Buy/Sell Questionnaire from Cleveland Business Attorney – What to Consider for Your Buy/Sell Agreement

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Buy/Sell Agreement Cleveland Corporate CounselAs a Cleveland business attorney and corporate counsel in the Cleveland, Ohio area, with my main office in Hudson, Ohio, one of the common questions I get from new Cleveland business law clients who need to prepare a Buy/Sell Agreement is, “what should I consider before we design my succession plan and Buy/Sell Agreement.”  There are many parts to a Buy/Sell Agreement and all related succession planning documents, and it can get very complex.  As Cleveland business attorney and corporate counsel, I always appreciate it when my clients are prepared.  To help make the process as efficient as possible, please review and complete the following corporate buy/sell questionnaire prior to our first meeting. (more…)

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Trustee Checklist – Trustee’s Duties & Powers

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Trustee's Duties checklist outline for Cleveland, Ohio and Akron, Ohio trust attorney

One of the most common questions we get from new clients who have been named as a Trustee of a Trust, is “what exactly do I need to do to stay in compliance with the terms of the Trust?  Is there a checklist?”  Well, now there is!

For the benefit of our Trustee clients, to answer the question of “what do Trustees need to do?” we have compiled the following checklist and outline for the Trustee to follow: (more…)

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Estate Planning and Financial Planning Event

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Estate Planning Financial Planning Cleveland AkronOn February 23, 2017 Eric Valente of Valente Law co-hosted an estate planning and financial planning event with financial adviser David Trende of Wealth Design Partners, LLC.  Here is a slideshow and a link to the handout materials that were available for the guests.  If you want more information on wills, trusts and estate planning, take a look at our Great Information on Wills, Trusts and Estate Planning. Valente Law hosts events like this quite often, so if you would like to attend a future estate planning and financial planning event, please call or email us today so that we can invite you to our next event!

 

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Do MORE than Just THINK ABOUT your Estate Plan

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Don't delay estate planning

Just THINKING about your estate plan is not enough!  We know first hand how easy it is to put off your estate plan, and we are an estate planning law firm that is here to make things easy on you.  First, take a look at our Information on Wills, Trusts and Estate Planning.  Then, contact us to get started on your estate plan (more…)

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An Overview on Trusts

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Trusts are governed by the Ohio Revised Code Title 58, which you can read here: ORC Title 58 – Ohio Trust Code.

Here are the basics on trusts: (more…)

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2017 Estate Tax Exemption Amount – 2017 Gift Tax Exemption

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Estate Tax Exemption and Gift Tax ExemptionThe Federal Estate tax exemption went up to 5.49 million in 2017 from 5.45 million in 2016.  That’s nearly 11 million for a married couple.  If you are one of the few American’s that is in the estate tax range, call Valente Law today to help save money by avoiding estate taxes.  Estate tax is 40% rate on every dollar above 5.49 million, but with proper estate tax planning, we can almost always help you minimize the estate tax and in a lot of cases, we can totally avoid estate tax altogether.

The 2017 Gift Tax exemption is still stuck at $14,000, (more…)

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Working with the Next Generation Heirs

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Valente Law counsels clients in the Cleveland and Akron areas who have recently inherited assets or been asked to manage their parents’ assets.  Whether you are getting an inheritance as an heir or will be acting as the successor trustee for a parent that has passed away, Valente Law can help you navigate the technical, legal issues in working with the next generation of heirs by: (more…)

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Estate Planning Questionnaire – What to Know for Your Estate Plan

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New clients always ask, “what should I think about before our first estate planning meeting” and I always answer by sending this questionnaire. In addition to the below questionnaire take a look at our comprehensive Will, Trust and Estate Planning Lawyer Page.

What follows is my standard estate planning questionnaire that I use for my estate planning clients in Cleveland, Ohio and Akron, Ohio.  As an estate planning attorney, I always appreciate when a client comes prepared and knows what to think about.  Please call Valente Law at (330) 665-5000 to discuss your estate plan!  We offer free initial consultations, so it really is a no lose situation!

Here is a link to the estate planning questionnaire in its entirety with proper formatting:

Estate Planning Questionnaire – Valente Law, LLC – 2017 Update

And here is the estate planning questionnaire in text form: (more…)

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Types of Trusts

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There are many types of trusts which are designed to serve many purposes.  Every trust has very unique, specific rules and benefits and each should be carefully reviewed.  In very general terms, some of the most common trusts include the following.

Living trusts are created by the grantor during the grantor’s lifetime. (more…)

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Probate Avoidance

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Avoiding Probate Court (aka probate avoidance) is one of the biggest goals in most estate plans. Probate court is a division of each county court in Ohio, including Cuyahoga County Probate Court, Summit County Probate Court and Medina County Probate Court, where we practice regularly. These Cleveland and Akron area probate courts have jurisdiction over probate estates in their counties.

Probate Court is a process which involves the following main tasks: (more…)

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