We are pleased to announce that effective July 1, 2014, Maria E. Quinn Co., L.P.A. together with Maria Quinn, Frank Krasovec, Jr., Terry Donner, Vince Massa, Janis Hughes and Marcy Foth have become part of The O’Brien Law Firm LLC with Managing Partner, Michael O’Brien. Our new firm offers expanded services and the addition of three attorneys and staff located at our three Northeast Ohio offices in Beachwood (Chagrin/Richmond), Cleveland (Downtown/W. 6th Street) and Willoughby (Downtown … [Read more...] about SPECIAL ANNOUNCEMENT

In case you haven’t heard, the New Year brought a new law recently signed by the President. To avoid the country from falling off the “fiscal cliff,” the “American Taxpayer Relief Act” was approved on New Year’s Day. The approval and signing of this new law may affect the future of your estate plan and your estate taxes. Regarding federal estate taxes, this new law makes almost all of the previous tax provisions, commonly known as ”TRA 2010,” permanent, with the exception of the tax rate. … [Read more...] about We Dodged the Fiscal Cliff – How the New Tax Bill Affects You

There are only a few days left before the clock strikes midnight on December 31st and the tax law changes. Or will it? As of this writing, the law to which it will change will be the pre-EGTRRA/TRA law. In other words, currently in 2012, individuals with estates under $5.12 million are not subject to federal gift or estate tax. However, if this law expires, estates larger than $1 million will become taxable at the beginning of 2013 and we will back to a $1 million applicable exclusion per … [Read more...] about The Estate Tax Ball is About to Drop!

Fall Summit at the Catamaran … [Read more...] about Fall Summit

Our mission is to arm consumers and professional advisors in our community with the information needed to make informed decisions about their family's and client’s future. With that purpose, we are pleased to announce the rollout of our new and improved Estate Planning website! The website was created to serve as a resource center for families when planning their estate strategies. Visitors will find useful information regarding probate, business planning, asset protection, incapacity planning, … [Read more...] about Our New Website is Live!

In 2001, Congress passed a law that made big changes to the estate tax. It raised the amount that could pass without tax, increasing it in steps from $675,000 in 2001, to $3.5 million in 2009. Then, in 2010, the estate tax was repealed for one year only-2010. The same law also said that the estate tax would return in 2011, with estates over $1 million being taxed as high as 55%. However, on December 17, 2010, Congress revised the estate tax with yet another new law: the Tax Relief, … [Read more...] about How the New Estate Tax Exclusion Affects Your Estate Plan

Gifting Strategies: November 2009 Paying taxes usually ranks at the bottom of most people’s list of favorite things to do. That’s why tax-savings strategies are always in hot demand. Considering how expensive estate taxes can be, many consumers now realize that having a large taxable estate can be too much of a good thing. When it comes to reducing estate taxes, consumers have an even greater motive to slash their tax bills. One strategy that allows consumers to reduce their … [Read more...] about Gifting Strategies

Making a Difference, One Family at a Time, by Seabright Mc Cade October 2009 Just a few yards from the hustle and bustle of Euclid Avenue sits a pre-Civil War house, shaded by ancient elms. Home to the O’Brien Law Firm (formerly Greene & Tulley), its well-appointed offices and old-fashioned comfort put clients immediately at ease. The feeling of continuity from past to present extends to the estate law practice that resides here. “This is a wonderful success story, and a … [Read more...] about Making A Difference, One Family at at Time