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December 2018 Archives

Property division in an Ohio divorce

When an Ohio couple gets married, they believe their marriage will last forever. Although many marriages last decades, a large percentage end in divorce. Couples who are going through a divorce know how emotional a situation a divorce can be. One of the main points of contention in a divorce is property division.

Winning a lottery and claiming it anonymously

I have again had the pleasure of claiming substantial lottery winnings for a client on an anonymous basis. I have written about the procedure for doing this before. It involves a series of "blind" trusts and several new tax ID numbers. Not all states allow this procedure but Ohio does. I am not sure why anyone winning a substantial amount wants to claim it publicly. Sure it is fun to make the announcement but everything that comes after the announcement is nothing but trouble. Winners are bombarded with telephone, US postal mail, email, Facebook, Twitter, and every other possible form of solicitation. They even have people literally knocking at their front doors begging for money. Although there are some legitimate requests there are also a large number of scams. I have even heard of people call to threaten suicide if the winner does not give them money. I can't help but believe the winners regretted making their winnings public. They ultimately change their phone numbers, emails, social media accounts, and generally need to hide from the public. Even consider another thought, if anyone asked you how much money you had in the bank would you tell them? Probably not, but by making your winnings public that is what happens.

Creating a parenting plan for divorced military members

There are many military members living in the Dayton area. With the proximity of the Wright-Patterson Air Force Base, many have connections to the military. As is the case with civilian marriages, not all military marriages last forever. When a military couple is going through the military divorce process, child custody, visitation and child support often come up.

What did Prince and Aretha Franklin have in common?

Well, they were certainly both mega-stars and monster musical legends. But there is more. They were both mega millionaires but neither one of them did any estate planning, nothing. Neither Prince nor Aretha had a will or a trust. They both passed away leaving their massive estates to be decided by feuding relatives who will be tied up in courts for years to come. This is just astonishing. Even more so because my understanding is that they both keep tight reins on their business arrangements and finances. How did they let this happen? I suspect we will never know.

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Altick & Corwin Co., L.P.A.
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Dayton, OH 45402

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