Personal Law
Wills
A will is a simple, but very important document. A will tells those you care about what to do with your property when you pass away. It appoints an executor and a guardian for minor children. If you die without a will, state law determines which of your relatives inherit. If you have children, are in a second marriage, or if all of your potential executors live in other states, you need a will.
Trusts
A trust is a planning tool which can simplify the transfer of your property to your heirs, provide for lifetime management of your assets in the event of incapacity, and in some instances, reduce the amount of estate tax paid on your estate. Trusts are commonly used to provide supervision for assets transferring to minor children.
Real Estate
Ohio courts have ruled that a buyer must beware when purchasing real estate. A seller is required to disclose only major defects that he or she knows about, and are hidden from a buyer or inspector. The seller doesn't have to point out observable defects. Both the buyer and seller must understand their legal obligations, as well as financial issues and allocation of customary closing costs.