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In terms of marital property, Ohio is an equitable division state. So, the divorce resolution must divide both assets and debts “equitably,” which is not necessarily the same thing as “equally.” Ohio law contains a very strong presumption in favor of a 50-50 division, but it is only a presumption. To divide property equitably…
A trust can be a good mechanism to transfer your assets to the next generation or to anyone else you choose. A legal trust can place conditions on distributions from the corpus (property in the trust), minimize or avoid gift and estate taxes, protect assets from marauding creditors, look after vulnerable beneficiaries who count…
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