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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…
Your estate plan should ensure that a trusted loved one is able to make important financial and medical decisions for you in the event that you are no longer able to do so. Under the old rules in Ohio, this could only be done by the courts appointing an official legal guardian for the…
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