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March 2018 Archives

Parenting plans create a co-parenting framework

For some divorced parents in Ohio, the most contentious and difficult part of ending a marriage is dealing with how to apportion custody and parenting time with the children. Both parents are often deeply committed to their children and don't wish to lose time with them. A parenting agreement can help to set guidelines and boundaries for a divorcing couple, ultimately creating a stronger working relationship for the future.

Best times to update an existing will

It is never fun to sit down and think about the fact one day you will pass away. However, that is precisely what you need to do when you create a will. Unfortunately, many Americans forego a will because they either forget to do so or do not want to have difficult conversations. Reports suggest less than half of American adults actually have some kind of will.

How a trust can be useful for adult children

When people in Ohio are creating an estate plan, they may want to consider whether their beneficiaries will be responsible with assets. It is common for people to create a trust to protect assets for their minor children, but some adult children may require a similar amount of protection. Some people may simply lack the financial education to manage the inheritance. Other individuals may have problems with overspending, gambling or substance abuse.

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