With a new year upon us, it is always good to set an attainable New Year’s resolution. With that in mind, we look back on a blog article from January 5, 2019. According to a Caring.com survey, only 42 percent of adults have even a simple will, and for those with minor children, the statistic is even worse-only 36 percent. Estate Plans should also be reviewed occasionally to determine if updates are needed. Don’t put it off any longer. For the sake of your loved ones, put an effective estate plan in place.
Ohio has long recognized premarital agreements. A premarital agreement is a legal contract entered prior to marriage and in contemplation of marriage by two individuals to address the ownership and division of their property and property interests in the event of death or divorce. However, Ohio is in the minority in that Ohio has historically not allowed postnuptial agreements, which are agreements entered into between spouses after they are married. […]
Many couples tend to argue and fight over money and other financial issues. According to many studies, fighting over money issues is one of the top 3 reasons couples end up divorcing. Those arguments can be about a myriad of “money” issues. So, what do you do if you find yourself in this situation? […]
The president recently signed into law the Secure Act, which goes into effect on January 1, 2020, and which is an acronym for Setting Every Community Up for Retirement Enhancement Act. As the name suggests, the focus of the secure act is on retirement planning, but has several provisions. These provisions include raising the age for required minimum distributions of IRAs and 401Ks from 70 to 72; allowing working individuals to make contributions to IRAs after age 70 ½; allowing small businesses to join group 401K plans; allowing 401K plans to include annuities; and allowing 529 plans to repay up to $10,000 in student loans. […]
Congratulations! We have all made it through Christmas and now New Year’s Eve is just a few days away. I have been considering what to post this week that was timely and relevant. I remembered the great piece we posted 9 years ago that Donna Ferber had written for her first book, From Ex-Wife to Exceptional Life: A Woman’s Journey through Divorce. I received a lot of compliments about it then I reread it and loved it as much now as I did the first time. Her sage advice warrants a repost, so here it is.