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How the new tax bill changes alimony

Recently, President Donald Trump signed the Tax Cuts and Jobs Act into law after it passed both houses of Congress. The bill is expected to have a major impact on many aspects of the U.S. economy. It will also touch other aspects of American life. In fact, the tax bill brings a major change to alimony, also known as spousal support.

The Medicaid long-term care predicament

The sad truth is that most people, living on savings and retirement income, can’t afford a place to live when they need care. They don’t have long term care insurance, and nursing home care in Ohio is costly, averaging more than $200 a day.

A financial checklist for remarriage

Many people find love a second time. While you may be older and wiser than when you first got married, there are still easy financial mistakes to make. Below, you can find a financial checklist that can ensure you are entering into your second marriage financially prepared for every eventuality.

What happens to debt upon death?

Two things no one ever wants to think about are death and debt. This may be the reason that not many people are aware of what happens to debt when you die. This blog will briefly examine some of the considerations family, heirs, cosigners and estate administrators have when someone dies with significant debt.

Look out for Medicaid look-back and spend-down

Anyone who has looked into financial assistance for nursing home residency from Medicare and Medicaid knows that there are serious complications in the process. Far too many people over the years have been surprised to learn that they can’t leave the financial gifts for their families as intended while still receiving Medicare and Medicaid benefits.

Qualifying for Medicaid: Giving money away can be a big mistake

Nursing home care can be expensive, which why many elderly individuals attempt to qualify for Medicaid when they move into assisted living facilities. However, many people are surprised to learn there are strict asset and income limits on those applying for Medicaid.

10 factors an Ohio court may look at when granting child custody

During divorce, one of the most important issues parents have questions about is how custody will be determined. Well, if parents are able to work together and reach an agreement regarding child custody, an Ohio court will typically approve it, so long as the custody arrangement is in the child’s best interests.

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