Attorneys & Professionals
Michael Schwartz, a partner in the Cincinnati office, and Emily Pan, an associate in the Cincinnati office, were featured in a Lead Cincinnati Magazine story about recent changes to Ohio’s estate tax laws. The story also highlighted the way the Vorys trusts and estates group counsels clients.
The story states:
"Vorys takes a team approach to balancing tax issues, flexibility and protection of your assets over the long term. ‘Everyone’s goal is to help the next generation,’ says Schwartz, ‘without hindering their initiative. At Vorys, we take a team approach which involves the executive’s accountant, investment adviser and life insurance adviser. No one has all the answers, but by combining talents, executives get the best estate plan which combines maximum tax benefits with a plan that really works.’
One example of when this team-minded approach is effective is when it comes to distributing 401(k) and IRA accounts. These are a significant portion of many executives’ estates and it is important to consider both tax advice and broader estate planning perspectives. It’s also key when it comes to overall asset protection.
‘Our clients are becoming increasingly interested in asset protection,’ says Vorys associate Emily Pan. This can help protect your estate from judgments resulting from litigation, creditor issues and failed marriages, among other issues.”
To download a PDF of the story, click here.