Bringing a child into your family means that you and your spouse will need to make many decisions. While a significant portion of those choices will likely revolve around the preparations needed to ensure that you can meet your child's immediate needs and that he or she will be comfortable and well-cared for, you will likely also need to look further into the future.
Dividing assets can always be problematic in Ohio divorces. However, it may be even more challenging when one or both parties own cryptocurrency. Splitting digital currencies is complicated because it can be difficult to determine how much they are worth at any given time. The value of a digital coin may fluctuate rapidly over short periods of time.
As many parents in Ohio know, maintaining a relationship with their kids after a divorce is no easy feat, especially if the divorce itself was contentious. As a result, parents should exert extra effort to bridge the gap and reach out to their kids in any way they can. Thanks to the wonders of social media and texting, parents today have a plethora of resources at their disposal to connect with their children.
Ohio residents who are developing an estate plan should strongly consider including a revocable trust. In addition to allowing an estate to avoid the expense and time of the probate process after the grantor dies, there are several other reasons to create a revocable trust.