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 13, 2015

This weeks word from the estate planning dictionary is will. What is a will? Do I need one? And what happens with them? Wills are one of the oldest estate planning tools going back to the time of the ancient Greeks. Originally meant for men without children, a will is a document that tells the world how you want your…Read More

  • By: Ty S. Mahaffey, Esq.
  • Published: March 9, 2015

Well, yet another client of mine had a death in his family. We talked about the importance of estate planning but never got around to it. Unfortunately, they are another example to go into my book of cautionary tales. A few years ago, I donated a simple will to a charity auction. A gentleman won it and we got together.…Read More

  • 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 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 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: January 9, 2015

To persons of a certain age in Ohio and elsewhere, it likely doesn’t seem that long ago that many people regarded estate planning as some esoteric prerogative of only the super rich. These days, there is a far greater appreciation among many millions of individuals and families in the United States that planning — that is, well-considered, timely and comprehensive…Read More

  • By: Ty S. Mahaffey, Esq.
  • Published: December 29, 2014

Interestingly, it appears that baby boomers do not all feel that they owe their children the same things. Recent polls found that more than half — 54 percent — think that they should not have an obligation to leave money behind for their children. The remaining 46 percent begged to differ, but the difference is worthy of note. Some high-profit…Read More

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