Global Family Law Services
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,…
Bitcoin and other virtual currencies continue to make headlines as they are used more and more frequently. Although it remains a favorite currency for illegal sales of drugs and weapons, and for other other “shadowy” transactions accomplished on the dark web, they have became a legitimate method of payment in many above-board transactions, not to mention an investment vehicle. It…
Getting divorced is hard enough and the division of real property can make it even more contentious. Often, real property is one of the largest assets to be divided and considerable money could be at stake. Add in a dash of emotion (memories were made there, and children raised), not to mention the headaches of moving and the prospect of…
Even before President Donald Trump took office, discussions of impeachment began and those discussions have both flourished and fizzled since. Before him, there were talks of impeaching President Barack Obama. Before him, President George W. Bush., President Bill Clinton was, of course, impeached – and he was not the first; Andrew Johnson holds that distinction – but the U.S. Senate…
A nonprofit can engage in lobbying efforts, but you probably already knew that. It is difficult to think of a time in recent memory during which the political battle lines have been so clearly drawn. Arguably with the help of social media – even beyond the trolls – our society has become more divided and divisive. No matter one’s viewpoint,…
23andMe, AncestryDNA, Helix, My Heritage DNA and others. While DNA testing was once only the stuff of crime investigations and television shows, it is now available to the masses. Business is booming with millions of consumers willingly paying to give for-profit companies access to their DNA in exchange for information regarding everything from aversion to cilantro and caffeine use to…
If you’ve read a will or even if you’ve just seen a movie or television show involving an estate, you are probably familiar with an executor. When a loved one passes away, the last thing you want to think about is dealing with an estate. But, unfortunately, very often some level of work is necessary to settle the deceased’s financial…
The donor-advised fund is becoming a more popular vehicle for charitable giving under the recent tax law reforms. Among many changes, the new tax laws increase the standard deduction for both individuals and married couples, making it more beneficial for many taxpayers to simply take the standard deduction instead of itemizing and capitalizing on things like state and local taxes,…
While most of the media focus on the new tax code changes has been elsewhere, if you are recently divorced or divorcing you may be interested to hear about the changes impacting spousal support. Specifically, beginning this year income tax on spousal support dollars will be paid by the payor, or the person ordered to pay support to a former…
For the first time since 1992, Ohio laws governing child support are changing. Years in the making, these changes were signed into law by Gov. John Kasich this past summer and will take effect in March 2019. These new rules will bring about some big – and not-so-big – changes. Most people are familiar with the concept of “child support.”…