Mahaffey & Associates, LLC
Mahaffey & Associates, LLC

Main Address
8527 Central Avenue
Sylvania, OH 43560

Call For A Free Consultation (419) 827-5008

  • By: Ty S. Mahaffey, Esq.
  • Published: March 4, 2015

Insurance is the forgotten side of estate planning. So many focus on the investment side of estate planning and financial planning that they ignore the huge role that insurance can and should play. From my chair, I believe that both life and long term care insurance are vital to a complete estate plan. Life insurance is relatively obvious why it…Read More

  • By: Ty S. Mahaffey, Esq.
  • Published: March 3, 2015

Estate planning is full of terms that most people have vaguely heard of but don’t know what they mean. Knowing what terminology means is important to being an informed person and an informed client. When I was going through my classes to be a high school basketball official, my instructor stressed that if you learn definitions, then it’s easy to…Read More

  • By: Ty S. Mahaffey, Esq.
  • Published: February 26, 2015

Being appointed as an executor to a love one’s will may be an honorable role, or it could be completely terrifying, depending on your temperament. Outside of that, it is helpful to know what is going to be expected of you in this role. For many executors, it is a multifaceted role where you will have to deal with a…Read More

  • By: Ty S. Mahaffey, Esq.
  • Published: February 25, 2015

A major purpose of estate planning is to avoid probate. But what is probate, and why do you want to avoid it? Probate is actually Probate Court. Probate Court is the division of Common Pleas Court, in Ohio, that deals with anything to do with wills, estates, guardianships, trusts, etc. When someone passes away and has not done proper estate…Read More

  • By: Ty S. Mahaffey, Esq.
  • Published: February 19, 2015

If you are nearing retirement or are already in your golden years, recovering from a bankruptcy may be the least of your concerns. However, when debt becomes too much to bear, and extreme measures must be taken to preserve some semblance of wealth through bankruptcy. But the good news is that even after a bankruptcy, life goes on and you…Read More

  • By: Ty S. Mahaffey, Esq.
  • Published: February 16, 2015

In the world of estate planning, “Death Taxes” or more properly called, Estate Taxes, make headlines. What you call these taxes when someone passes away depends on your political bent. Republicans use the phrase Death Taxes while Democrats like to call the Estate Taxes. Whatever your bent, everyone wants to know what they are and if they need to be…Read More

  • By: Ty S. Mahaffey, Esq.
  • Published: February 11, 2015

If one of your New Year’s resolutions was to get out of debt, chances are that you are looking at your income tax refund as a catalyst to help you achieve that goal. Indeed, using the extra money to eliminate some troubling debt can be helpful, especially if the interest on such debt continues to grow and be burden to…Read More

  • By: Ty S. Mahaffey, Esq.
  • Published: February 5, 2015

Sometimes, following the death of a loved one, an Ohioan will end up serving the role of personal representative for their deceased loved one’s estate. One way this can come about is if they are named for this role in their deceased loved one’s will. When a person is the personal representative of the estate of an individual who had…Read More

  • By: Ty S. Mahaffey, Esq.
  • Published: January 27, 2015

For people struggling to make ends meet, it may be difficult to decide when to (or whether to) file for bankruptcy protection. For those unfamiliar with it, bankruptcy provides a way to eliminate troublesome debt and provide consumers with a fresh financial start. Since many people have different issues leading to their financial dilemmas, there may be no specific “right”…Read More

  • By: Ty S. Mahaffey, Esq.
  • Published: January 25, 2015

In 2015, the U.S. economy is expected to grow steadily, and the first quarter of the year appears to be following that prediction. Even though it is early, there is reason for optimism as people who had struggled for years to get back into the workforce appear to be poised for a positive year. That optimism is spreading towards the…Read More

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