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Margaret T. Karl, Attorney At Law

Estate Planning and Legal Services

Serving All Of Northeast Ohio
1100 W. Bagley Rd., Ste. 210
Berea, OH 44017
440.973.4145

Estate Planning

  • Wills & Trusts A will is a legal document in which you make known how you want your belongings or shares of assets distributed and/or disposed of upon your death. You choose an executor to carry out your wishes as stated in your will. While the contents of a will are public, the contents of a trust remain private. (Read More)
  • Power of Attorneys and Living Will There are three basic documents, along with a will or trust, recommended for individuals in Ohio: a financial or general durable power of attorney, a healthcare power of attorney, and a living will. Power of attorneys are only valid during your lifetime – they become null and void upon your death. (Read More)
  • Medicaid Planning This is a very complex and diverse process that needs to be personalized for each individual. Depending on the types of assets held by an individual, their long-term goals, and whether they are concerned about protecting their assets from Medicaid spend down requirements, it’s important to consult a knowledgeable attorney to help them navigate the Medicaid planning process, and take it into account with regards to their estate planning. (Read More)
  • Tax Minimization Whether gifting cash to individuals or organizations or distributing other assets as part of an estate plan, consulting with an attorney will make known various estate planning tools, such as certain types of trusts, to consider as options. (Read More)
  • Planned Gifting When gifting cash while living, it’s important to keep in mind potential tax liability for both the giver and the recipient. More importantly, as a giver ages Medicaid planning should also be taken into consideration. (Read More)
  • Unclaimed Funds When a person passes, the family of the deceased may be unaware of certain assets or life insurance policies left for their benefit if estate paperwork has not been maintained to remain current, the deceased has lived in multiple places over the course of their lifetime, or even if an insurance company ceases to exist in its name at any point after the purchase of a life insurance policy. (Read More)
  • Estate Administration The administration of your estate may necessitate a third party to handle the estate due to its size, complexity, or family issues. Whether the estate goes through probate or is self administered through a trust, consider hiring an attorney for a modest fee paid at the time of the administration. (Read More)
  • Trustee Actions These could include the named trustee bringing suit to enforce the provisions of a trust. Beneficiaries or interested parties may bring suit against a trustee themselves. In either instance, a trust would not be dealt with through the probate process, but the court might need to get involved with the interpretation of or the application of the trust’s terms. (Read More)
  • Probate Actions Such actions can occur under different circumstances with the administration of an estate. For example, there are several types of probate actions warranted based on whether the recipient of the estate is the surviving spouse, the different types and amounts of assets of the estate, and whether those assets are solely in the name of the deceased person. (Read More)
  • Veteran Estate Planning We all owe our veterans a debt of gratitude for the sacrifices they have made for us and our country through the years. Many veterans now have disabilities, medical conditions or injuries that they incurred or aggravated while they were actively serving and may be eligible for a variety of benefits—no matter when or where they served. But the labyrinth of searching out and applying for these benefits may be overwhelming for some. (Read More)
  • Public Speaking Attorney Margaret Karl is available and does a variety of speaking engagements. Besides the events listed on the site, Attorney Karl can develop any length of talk for any size group on various topics of interest that she focuses on. (Read More)
  • Special Needs Whether a child or adult with a special needs situation, there are many options and scenarios to consider. Attorney Karl can sit down and discuss the potential use of trusts and planning techniques that may be of assistance to your situation. (Read More)

Legal Services

  • Real Estate Transfers & Title Services Overall, when looking at options for deed transfers for residential or commercial property as part of an estate plan or for their independent purchase or sale, sellers and buyers may not realize they have the option of using their own attorney instead of the title company’s attorney and potentially save thousands of dollars. (Read More) 
  • HOA Collections As the Treasurer of a Homeowners’ Association, I have personal knowledge of the operations of Homeowner Associations (HOAs). From time to time, a lack of payment on the part of a homeowner can cause HOAs to take legal action to collect that assessment. (Read More)
  • Purchase Agreements & Sales Agreements When buying or selling residential or commercial property, a purchase agreement is a must today. It is crucial to ensure there are no post-sale problems or disappointments, because the terms are made specific to the satisfaction of both the buyer and the seller. (Read More)
  • Small Business Planning Starting a business should not be taken lightly regardless of whether it will be based online with a virtual presence or have a physical presence such as a storefront. Meeting with an attorney will ensure the proper kind of entity is chosen to maximize tax advantages for your new business. (Read More)