When Ohio couples who are also business owners get a divorce, deciding what to do about the company can be difficult. The couple can continue to run the business together, they can sell it or one can buy the other one out. For the first option, the couple will usually need to have a relatively […]
Divorce and Family Law Blog
How is spousal support determined in Ohio?
Everyone goes into marriage with the intention to stay together forever. Marriage is a beautiful thing, but if the situation becomes untenable, sometimes splitting is the best call. Yes, divorce is full of emotional decisions, but there are also financial considerations to account for as well. Marriage is a partnership. And just like a business […]
The effects of income on divorce
Money can be an issue for many couples in Ohio. In some cases, it’s because husbands are insecure about their wives earning more money than them. Studies show that women who make more than their husbands are more likely to get divorced. While women’s income relative to that of men has increased in the last […]
The advantages of a trust over a will in an estate plan
A trust instead of a will could be the right choice for some people in Ohio who are creating an estate plan. A trust can offer more privacy and can distribute assets to beneficiaries more quickly because it does not have to pass through probate as a will does. However, a trust can also hold […]
Tips for creating an effective estate plan
According to a Caring.com study, only 42 percent of Americans have created any sort of estate plan. For Ohio residents who don’t have an estate plan, it is best to start one by creating a will. A will can dictate who receives certain assets or who is allowed to be a guardian of a minor […]
Selling, keeping or splitting a business in a divorce
Owning a business can mean that a couple in Ohio has an additional complication when it comes to dividing property in a divorce. The first step they will need to take is having the company valuated. Once they know what the company is worth, they might want to sell it, but one person might also […]
Why it IS fair to leave beneficiaries an unequal inheritance
Would you like to leave an inheritance for more than one person? While it might seem fair to split the funds 50/50, after taxes it could actually cause your loved ones to inherit less. Is it better to leave unequal or equitable assets? When a beneficiary inherits funds, the IRS will take out taxes on […]
Divorce, taxes and claiming dependents
When completing their tax returns, Ohio residents can claim qualifying dependents and encounter almost no issues. However, in situations in which multiple taxpayers are claiming the same dependents, such as when separated or divorce parents both claim their children, the process can quickly become complicated, forcing the Internal Revenue Service to examine the returns and […]
Estate planning can be important for everyone
Some Ohio millennials may think estate planning is only an important topic for older, wealthy people with multiple heirs. Even many older adults who are single or do not have kids might feel that they do not need a will or other estate documents. However, making a plan can provide benefits to people at all […]
Staying calm during a divorce has long-term gains
A divorce proceeding can be one of the most emotionally taxing legal events a person can experience. Many divorced individuals in Columbus, Ohio, can attest to this fact. However, becoming lost in one’s emotions can have a detrimental effect on the divorce, including the property settlement and parenting plan. Techniques are available that can assist […]
