For art collectors in Ohio, paintings and sculptures are often their most precious possessions. Accumulated over years and at significant cost, art collections reflect not simply financial investments but also aesthetic passions. At the same time, they can be valuable assets. Despite that fact, many people hesitate to make a plan for how a collection […]
Divorce and Family Law Blog
Divorce could mean splitting with professional partners too
Once an Ohio couple decides to end their marriage, there’s often a lengthy process of transition as two households are established from one. Even when the parties know the split is the right path, anxiety can accompany the new beginning. It can be difficult seeing social friends having to choose between former partners. When it […]
Life insurance as an estate planning tool for Ohio baby boomers
Baby boomers in Ohio and other parts of the United States can take comfort in knowing they are part of the wealthiest generation in American history. Because of this fact, many boomers also wish to pass along certain assets to preferred beneficiaries. However, unexpected estate-related expenses may make this task difficult. One possible way boomers […]
Creating legacies by purchasing estate plans
There is a significant difference in how Ohio residents over 50 approach estate planning compared to how their children and grandchildren approach the subject. For the most part, older Americans have spent their lives managing their money in an organized and focused manner. Conversely, younger Americans tend to be more worried about paying off debt […]
Why you should update your estate planning during a divorce
When going through a divorce, there will be a lot on your mind. You will most likely be focused on child custody, property division and getting your life re-established. It may not be the easiest time to add one more legal process to your plate, but it will be important to revisit your estate planning […]
Providing children of divorce with a quality holiday season
Divorce can be difficult for parents in Ohio and in any other state. It can also add more stress for parents during the holiday season. Ideally, they will realize that the goal is to provide for the needs of their children and ensure they have a quality experience. This will generally involve adults communicating with […]
Life and death of Stan Lee highlight need for estate planning
Characters from the Marvel Comics universe, like Spider-Man and Captain America, are familiar names among many Ohio residents. The passing of Stan Lee, the company’s founder, leaves behind a large estate. Any will or trust established by the former publisher and chairman has not yet been publicly disclosed. If an estate plan is lacking, then […]
An in-depth look at probate
Probate has earned a bad reputation over the years. Many people ask how they can avoid it because they worry about how much time and money it will cost them. It is true that there are many myths about probate, but it is possible that the negative reputation comes from people going into it unprepared. […]
Divorce and avoiding financial mistakes
Ohio couples who are planning to get divorced should know that the process can be lengthy and have emotional consequences. They should also be particularly aware of how getting divorced can negatively affect their finances in the present and in the future and of what steps to take to mitigate that impact. For many people, […]
Estate planning details that should not be ignored
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 […]
