Attorney Joseph Balmer looks at an important tool in estate planning called the QTIP Trust (Qualified Terminal Interest Property Trust) that make provisions upon death of of the surviving spouse.
Tags: accountant, assets, beneficiary designations, children, divorce, Estate Planning, estate taxes, financial planner, Leave it to Beaver, marriages, Property, QTIP, Qualified Terminal Interest Property Trust, trust, trusts, wedding
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Joseph Balmer examines post-divorce estate planning and explains why it should be avoided according to recent surveys supporting this practice.
Tags: assets, children, divorce, Estate Planning, executor, Harris Interactive, health care, intestacy, last will, Medicaid, Ohio law, PNC Wealth Management, postpone, power of attorney
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After a termination of the marriage of a man and woman, the newly divorced man or woman often fails to consider reviewing and updating his or her estate planning documents a top priority. In the past, this sometimes resulted in unfortunate and unintended consequences. It is long-standing statutory law in the State of Ohio that [...]
Tags: death benefits, dissolution, divorce, Estate Planning, ex-spouse, executor, guardian, joint property, legal separation, life insurance, Ohio Trust Code, power of attorney, statutory law, trustee, trusts
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Antenuptial agreements, also often referred to as prenuptial agreements, are sometimes derided as taking the romance out of marriage and transforming the event and institution into a business arrangement. Some claim that the use of an antenuptial agreement is an acknowledgement that a marriage is likely to fail. However, an antenuptial agreement addresses not only [...]
Tags: Antenuptial Agreements, assets, divorce, estate plan, family law attorney, finances, marriage, premarital, prenuptial agreements
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