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April 2018 Archives

What to expect in a gray divorce

If you are over 50, you may have reached a point in your life where you thought you were safe from divorce. However, here you are discussing the sale of your home and figuring out how long you have to delay your retirement. Whether your marriage has always been rocky or the relationship deteriorated suddenly, you are now facing a future of change and uncertainty.

Divorce can bring new financial responsibilities for spouses

Since the late 1990s, the divorce rate for people over 50 in Ohio and across the United States has doubled. This can be complicated, especially for older couples in which one person, most frequently the husband, made the majority of financial decisions throughout the length of the marriage. After a later-in-life divorce, some people can find themselves dealing for the first time with major financial responsibilities and handling paperwork; many former spouses can discover unpleasant realities about their financial situation of which they were previously unaware.

The role of family conflict in estate planning

Ohio families may see more conflict over issues such as beneficiary designations and choice of guardians than wills or even powers of attorney, according to a survey by TD Wealth. Over 40 percent of estate planning professionals who responded to the survey said that family conflict was the overall biggest problem in estate planning. Domestic issues caused far more problems than changes in tax law or stock market volatility.

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Kroener, Hale & Penick Law Firm
101 N. Riverside Dr.
Batavia, OH 45103

Phone: 513-716-5940
Phone: 513-828-7510
Fax: 513-297-7227
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West Chester Office
9078 Union Centre Blvd
Suite 350
West Chester, OH 45069

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312 Walnut Street
Suite 1600
Cincinnati, OH 45202

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Texts Only: 513-828-7510

Offices In Cincinnati, Batavia and West Chester, Ohio