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March 2019 Archives

How a prenuptial agreement may change the outcome of a divorce

As our readers of this Ohio-based family law and estate planning blog may know, the property that a person owns may have different classifications under the law. This is particularly true if they are marred; a spouse may have their own property that they do not share with their significant other and they may have property that they hold jointly with their husband or wife. In the event of a divorce, a person may find themselves fighting to prove that certain property is separate when their soon-to-be ex-spouse claims that it is shared.

What is a spendthrift trust?

Most parents in Ohio do their best to help their kids understand basic and important life skills. They may teach them how to care for their own physical needs and how to budget for their financial expenditures. While some children may embrace these lessons and thrive in adulthood, others may struggle to give up their adolescent ways.

Child support is for more than a child's basic needs

If parents in Ohio were to total up all of the costs that they must cover to provide their children with what they need, they may come up with a staggering figure. Aside from the food, shelter, clothing and warmth that the child needs to stay healthy, a parent may add in costs associated with education, extracurricular activities, entertainment, transportation, out-of-home care and more. Raising a child is expensive and often requires the contributions of both parents.

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