Under Ohio Family Law, the courts consider the resolution of financial issues in an Ohio divorce to have a significant economic impact on the financial security and standard of living of both the couple’s children and the spouses. If the divorce is a high-net-worth divorce case, these fiscal matters’ complexity increases during the high net-worth …
Unmasking Hidden Assets in an Ohio Divorce Cases Read More »
In most cases, people unwittingly exclude many types of assets when creating an estate plan in Ohio. Modern technology has given rise to less physical assets that are important, valuable, and often overlooked. A few examples of these overlooked assets that people often do not think about when constructing an estate plan include: cryptocurrency, future …
Can You “Will” Digital Assets to a Beneficiary in Ohio Read More »
Depending upon your lifestyle and financial needs, you may have considered creating an irrevocable trust. These can serve as an excellent tool to avoid taxes and protecting your assets. Keep in mind that there are a number of advantages and disadvantages that are associated with irrevocable trusts. To learn more about irrevocable trusts, review the …
The Advantages of an Establishing an Irrevocable Trust in Ohio Read More »
Estate planning is more than simply deciding if you need a will or a trust. Instead, it is a comprehensive review of all of your assets, possessions, and other affairs and ensuring everything would be handled according to your desires and goals in the event of your passing. This includes assets like a home or …
Difference Between Primary and Secondary Beneficiaries – And Why It Matters in Ohio Read More »
Estate planning can do far more than ensure that one’s home, investments, and other “big ticket” assets are disposed of according to the person’s wishes. Sometimes it is the small trinkets and mementos that would be most meaningful to a person’s surviving family members. A treasured watch, a wedding band, or a hand-painted portrait or …
What To Do About Personally Possessions in Your Estate Plan in Ohio Read More »
Suppose you were especially close to a particular family member – so much so that when that person was in need, you sprang into action. Perhaps it was an elderly family member who suddenly needed intensive care and services around the home. You found yourself spending hours every day cleaning the family member’s house, cooking …
Filing a Claim Against an Estate in the State of Ohio Read More »
Although every person’s situation is different, parents who separate or divorce in Ohio can be assured of this: if they have one or more minor children in common, one of the parents will likely be ordered to pay child support to the other. The amount of child support that will be ordered is often calculated …
Consequences of Not Paying Child Support in Ohio Read More »
Although numerous websites, advertisements, and articles espouse the benefits of creating an estate plan, a 2020 article from Caring.com found that only about one-third of Americans have at least one estate planning document. The article goes on to say that of those respondents who reported having at least one estate planning document, about one quarter …
The Most Neglected Estate Planning Document in Ohio Read More »
Do-it-yourself estate planning kits and websites are a popular choice among those who believe they have the know-how to look after their families’ interests and only need a little help in complying with the formalities of a will or trust. These kits and websites promise fees that are lower than many attorneys’ fees and results …
Do-It-Yourself Estate Plans – Review Them, or Replace Them? Read More »
As the COVID-19 pandemic continues to cause infections and death across the country, there appears to be a growing consensus among government leaders and citizens alike that businesses and government operations need to resume safely. This includes the business of the courts, which were impacted and impaired by the spread of the virus over the …
How COVID-19 is Changing Domestic Court Operations Read More »
