Stimler Law Offices
  • About
  • Attorneys
  • Services
  • Blog
  • Resources
  • FAQ
  • Contact
STIMLER LAW OFFICES
Picture
Estate Planning, Trust & Probate Law

​
​Phone: 330-252-0300
Fax: 330-252-0303

Conferences by appointment only
​​
Mailing Address:
James T. Stimler, Esq.
1700 W. Market Street, #216
Akron, OH 44313
Picture

Effectively coordinating the management of powers and the recipients of the benefits of business and other assets in the event of your disability or death is complex, but essential.

3/19/2019

 
Picture
By James T. Stimler, Esq.
Effectively coordinating the management of powers and the recipients of the benefits of business and other assets in the event of your disability or death is complex, but essential, for at least the following reasons:
​
  • Business equity and operating documents frequently contain customized powers, rights and responsibilities, especially if more than one family is involved.
 
  • Specific positions and provisions are usually required to qualify for available tax advantages. 
​
  • Financial institutions have their own document requirements, processes and limitations.
​
  • Business legal frameworks have unique requirements. ​
 
  • There is mandatory text required to be included in trusts, wills and powers of attorney in order to achieve certain desirable results regarding, for example:  use of personal or business assets; access to electronic assets; the ability to continue the operation of a business; to have full powers over real estate; to avoid restrictions on purchasers; to avoid extra probate court proceedings.

The backbone of a successful business is knowledge, planning and deliberate action. Likewise, the core competencies to develop the desired effective, efficient, coordinated and well-documented plan to manage a business and other assets in the event of one’s disability or death are knowledge, planning and deliberate legal document preparation.  To avoid an incomplete or ineffective business, disability or estate plan framework, you need an attorney who will thoroughly and respectfully assist you to position yourself and your family to avoid unacceptable negative outcomes and to defend against avoidable expensive hassles for you and your loved ones.  With over 40 years of experience in business, real estate and wills trusts and estates law, and his expertise as an OSBA Certified Specialist in Estate Planning, Trust and Probate Law, Attorney James T. Stimler can help you effectively coordinate the management of your business and other assets in the event of your disability or death.
Connect with Attorney James T. Stimler and Follow Stimler Law Offices on LinkedIn.
​This blog article is for general educational purposes only and may not be relied upon as legal advice from the author to the reader.
© 2019 James T. Stimler, Esq.

Comments are closed.

    Archives

    March 2019
    October 2018
    August 2018
    May 2018
    April 2018

© 2001-2021 Stimler Law Offices

The information contained in this website does not constitute legal advice. Use of materials contained on the website or communications through the website do not create an Attorney-Client relationship between the user and Stimler Law Offices. Links to other sites are informational only. Stimler Law Offices is not responsible for the contents or operations of any linked site. Click here to view the website Privacy Policy & Terms of Use.


ABOUT
ATTORNEYS
SERVICES
BLOG
RESOURCES
FAQ
CONTACT
  • About
  • Attorneys
  • Services
  • Blog
  • Resources
  • FAQ
  • Contact