Estate Planning Attorney (Wills & Trusts), Probate Estate Administration Attorney, Real Estate Attorney & Business Attorney are our main lawyer service areas. Law Firm for clients in Cleveland, OH, Akron, OH, & headquartered in Hudson, OH.

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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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