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July 2019 Archives

Why is Choosing an OH Estate Planning Attorney Important?

We all want financial security--for ourselves and our loved ones. If something were to happen, we want to be sure that our spouse, children, or other dependents are provided for. In Ohio (OH), take steps to gain that security by creating a comprehensive estate plan with an experienced estate planning attorney. By doing so, you and your family will know that there is a workable plan in place for the security of your family.Estate planning is not limited to the management of your personal affairs after your death. It is also particularly important if you have substantial financial assets or operate a business. Coordinating succession planning for your business with your estate plan can help assure that your personal assets are distributed as you intend and that your business has the assets and direction it needs for its continuing operation or sale.By carefully choosing an OH estate planning attorney, you can be proactive in creating the best possible framework for the care and security of your loved ones and business interests after your passing.

Ohio Power of Attorney: The Basics

Chances are you've heard the term "power of attorney" at some point, probably in reference to health care decisions. Although that is one type of power of attorney, it isn't the only one. This article will touch on the different types of powers of attorney and focus on the Ohio power of attorney for financial affairs.

West Virginia Roads and Loads of Opportunity: Using WV QOZ Attorneys

In this last of a four-part series, Jenkins Fenstermaker, PLLC, explores the myriad and varied Qualified Opportunity Zones in West Virginia, focusing in on current development projects in North Central West Virginia. West Virginia finds itself with loads of exciting prospects with the creation of Qualified Opportunity Zones and Qualified Opportunity Funds that were established by the Tax Cuts and Jobs Act (Public Law 115-97). West Virginia's numerous US routes (US 50, 119, and 250), ease of road transportation (via I-79 and I-68), and Corridor D and Corridor H, combined with the state's assorted industries and focus on hospitality and tourism, make the Mountain State an ideal location for potential investors.Investors from inside or outside the state are encouraged to consult WV QOZ attorneys to explore the opportunities in West Virginia. Exciting development projects in West Virginia abound but further opportunities await.

Using DAP Trusts in WV to Keep Heirlooms in Your Family

Grandmother's wedding ring holds deep sentimental value to the family. It also holds substantial financial value. This is an heirloom that you have been honored to have had passed down to you and one that you would like to keep in your family. A West Virginia DAP trust, or domestic asset protection trust, is a tool to help you do just that. DAP Trusts in WV can be used to protect valuable heirlooms such as jewelry, art, antiques, and other valuable property from financial distribution to creditors. The sentimental value of these items may far outweigh the financial value to you and your family. However, a creditor will only be interested in the financial value and may attempt to force a sale in order to garner funds owed to that creditor. Developing an estate planning asset protection strategy with an estate planning attorney in WV is the best way to proactively defend your family heirlooms from potential future creditors.

Charleston, WV Opportunity Zones Offer Benefits for Investors and the Community

A drive through Charleston, West Virginia (WV) reveals the investments that are being made to grow business and enhance the local community. Savvy developers and investors who seek to capitalize on and lend to the city's progress now have an additional incentive in the form of tax benefits when efforts are focused in designated Charleston, WV Opportunity Zones.This article is the third in a series of four on the topic of Opportunity Zones in WV. An overview of Opportunity Zone basics was provided in the first blog of the series, while article two focused on development opportunities in Huntington, WV.

Huntington, WV Opportunity Zones: Prime Opportunities for Investment

It is an exciting time for the river city of Huntington, West Virginia. Potential investors can now further West Virginia Governor Jim Justice's vision for a brighter future for the Mountain State by investing in the Huntington, WV Opportunity Zones identified in three census tract areas: Guyandotte, West End Huntington, and Downtown Huntington.General information on West Virginia Opportunity Zones can be found in the first of this four-part series on the subject. This second piece focuses on Huntington, WV Opportunity Zones.

Deportation Estate Planning and Deportation Trusts in WV

Proposed changes in US immigration laws and policies raise questions for many about their legal status in the country. Various federal laws and policies address immigrant status, such as the Dream Act, the Deferred Action for Childhood Arrivals (DACA), and Temporary Protected Status (TPS). The uncertainty regarding potential changes in the law leads to uncertainty for non-citizens living and working in the US.Immigrants in West Virginia (WV) have created meaningful lives rooted in their residency, but the shifts in US immigration policy and laws create an imminent need for deportation estate planning to care for their local family. The estate planning tools available to them include the creation of deportation trusts in West Virginia (WV). An immigrant questioning his or her status in the US would benefit from learning how a deportation trust can help establish a solid plan to protect assets and provide for family should he or she be detained or deported.
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