Child support plays an important role in creating financial stability for children after a divorce or separation of parents. In Ohio, responsibility for the payment of child support ends or can be terminated for a number of reasons. The State of Ohio expects both parents to provide financial support for their children.
Many people believe that wills, trusts, and powers of attorney (POA) are only needed for people with considerable wealth. Yet every adult should prepare advanced medical directives that allow someone else to make decisions on their behalf if they are injured or seriously ill.
As experienced estate planning attorneys, we work with clients to create effective estate plans and offer guidance during the probate process in Ohio. Here are some basic differences between the types of estate planning tools you can use to protect yourself and take care of loved ones after you are gone.
If you are named as the personal representative for the estate of a family member, friend, or business associate, you may need the help of a probate attorney. Here is what you should ask them before choosing to work with them.
In a flurry of activity in December, 2017, the US Congress passed the Tax Cuts and Jobs Act. The Act made big changes to federal tax laws, and may impact your estate plan. The Tax Cuts and Jobs Act (Act) reduces corporate tax rates, has some impact on personal tax rates, and shifts the laws in other areas like gift and estate taxes.
As the Baby Boomers move into the retirement years, many families and children are challenged with providing quality of life, and quality of care, as their family member ages. Due to illness or infirmity, some seniors are unable to live at home, and need the extra help provided in a skilled nursing or assisted living environment. Part of the worry about a decision to move an elderly relative to a nursing facility is the fear they might be harmed, and the concern is sometimes not misplaced.