Ohio residents should make sure to avoid a few common errors when creating estate plans. For example, some people create a trust and then do not fund it properly. Assets might need to be retitled to be placed in a trust, or there may be some other required procedures. Estate owners should also be aware of assets that cannot be passed using a trust, such as property owned jointly with rights of survivorship.
4 ways parents can make divorce, custody easier on children
Divorce can be very difficult on children. Even if the divorce is best for everyone, children can still be sad that their parents no longer live together and fearful about what will happen to their relationship with each parent. They might struggle with anxiety, guilt and confusion, as well.
Alimony, child tax deductions changed by TCJA
Tax changes put in place by the passage of the Tax Cuts and Jobs Act in 2017 will have implications for some Ohio couples who are getting a divorce. Two of the main issues deal with how deductions are taken for children and the treatment of alimony.
