Ohio Family Lawyer
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Whether an asset is classified as marital or separate is crucial to the division process phase of divorce proceedings. Separate property remains untouched, while marital assets are divided equitably between the divorcing couple. But what happens if there is a mix-up...
Marriage involves the legal decision to combine one's life with someone else's, and divorce is the opposite. It is the intentional separation of two people's personal lives, assets and financial obligations so that they can live effectively apart from each other....
In many divorce cases, an inheritance that you received from your parents is not in jeopardy. It is considered a separate asset. As such, you do not have to divide it with your spouse and you get to keep all of the money or other assets that your parents left you....
When you divorce, you will need to divide your marital assets. Your house is one of the most valuable of these. On top of that, it could carry sentimental value. If you need a court to decide how you will split your assets, they will look at its financial worth and...
The property division process in an Ohio divorce isn't just about your most valuable assets. It also requires that you address your financial obligations, such as credit card debt. Many married couples share lines of credit, with each spouse having their own...
You know that some of your biggest assets are marital property. The chances are good that you and your spouse bought your home together and are both on the mortgage, as well as on the deed to the property. Other assets could be in only one spouse's name, such as the...
In Ohio, the concept of “equitable distribution” is used when dividing marital property. This applies to both debts and assets. Marital property is anything that you and your spouse acquired from the date of your marriage until your divorce is finalized. This includes...
Are you considering filing for divorce? If so, your divorce settlement could be affected by your spouse’s cryptocurrency investments. While cryptocurrencies are expanding and becoming much more common, the anonymity of their acquisition (and other factors) make them a...
Often, finances can play a large part in the build-up to a divorce. Financial worries may not completely go away after a divorce, either. However, there are certain methods that can be applied to make your financial circumstances better. Outlined below are three ways...
Property division talks are some of the more contentious matters you may have to deal with as you divorce. A spouse's attempt to hide assets can make matters far worse, though. Spouses who do hide assets generally do so because they can't fathom turning over assets to...