Global Family Law Services
Man’s best friend. A part of the family. Every day, dogs demonstrate their love and loyalty to their owners, which has inspired owners to leave some – or even all – of their estates to their beloved companions to ensure that these animals are well cared for after the owner’s death. This may sound ridiculous, but it is not. More…
Trusts have long been a tool for the ultra-wealthy to preserve wealth and pass it down through the generations. But even those of more modest means may benefit from this powerful estate planning tool. Here are five reasons to consider forming a trust: To minimize the tax hit: True, the exclusion for estates and prior taxable gifts is $11.4 million,…
Less than half of the population has a last will and testament. Ohio law provides a way to divide the property, or “estate,” left behind when a person dies without a will. Generally speaking, your estate will go to your spouse. Or, if you have no spouse, your estate will go to your children. If you have no children and…
If you have a loved one with special needs, a trust could be a very important part of his or her life care plan. Generally speaking, a trust is created when someone manages property – usually money or real estate – for another person. We often think of trusts as estate planning tools to conserve wealth for future generations. In…
This article originally appeared as a column for the Cleveland Jewish News. The more technology advances, the more we rely on it in our everyday lives. Where we once called first to our family doctor, we may now look first to the internet to research our symptoms. DIY is easier than ever with YouTube tutorials. Who needs an accountant when…
This article originally appeared as a column for the Cleveland Jewish News. Clients come in all the time with questions about how title affects ownership and access to bank accounts. Maybe an account is jointly held among spouses. Maybe a spouse is named on an account with a parent. Or, perhaps someone is on an account with a child. Maybe…
This article originally appeared as a column for the Cleveland Jewish News. Death – right up there with taxes – is one of the few certainties, yet estate planning is something that many fail to consider until it is too late. Rather than leaving it to your spouse, your children, or worse, the state, to figure out, your best bet…
This article originally appeared as a column for the Cleveland Jewish News. When you think about estate planning, you probably think about a will. You may think about powers of attorney in the event you should become incapacitated and can no longer make health care or financial decisions on your own. You may even think about a living will. What…