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July 2018 Archives

Child support orders and joint custody

Joint custody is becoming an increasingly common option among Ohio parents who make the decision to divorce. As more fathers play an active, hands-on role in child-rearing and fewer mothers stay at home, joint custody is often a logical choice that supports the relationships of the children with both parents. Of course, the 50/50 joint custody scenario works best when both parents live relatively close together and share a common school district. Depending on the needs of a particular family, joint custody may look different for certain parents.

Funding trusts

Ohio residents who want to create an effective estate plan should know that the inclusion of a trust is necessary. Trusts can be funded or used to hold various types of assets and can ensure that the assets will be handled in the manner specified by the grantor.

Divorce and allocating retirement plans

The allocation of retirement assets can be a significant source of contention during a divorce. Ohio residents also have to be mindful of the manner in which they go about dividing such assets when they have finally reached divorce settlement terms. The various types of workplace retirement assets are governed by different rules, and dividing them in the wrong way can result in hefty taxes and fines.

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