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Financial issues in a divorce

When Ohio couples get a divorce, they should take a number of financial considerations into account. For example, the couple may have a home they want to sell. However, they may need to decide how they will pay expenses associated with it and how they will split the proceeds when it sells.

Uncovering hidden assets during a divorce

When filing for divorce, most Ohio residents want a fair and equitable settlement. This can be hard to do if one spouse is hiding assets. One party's unscrupulous behavior does not have to leave the other person short. Here are some signs that might indicate a spouse is being less than forthcoming.

Protecting a credit score during a divorce

Ohio couples know how stressful a divorce can be, especially when children are involved. Many life-changing decisions have to be made during a relatively short period of time. Typical issues to resolve include child custody, child support, alimony and the division of property. What some spouses may not realize, however, is that decisions made during a divorce can affect a credit score.

Don't let emotions affect financial decisions during divorce

Ohio residents going through a divorce are dealing with a number of challenges that affect them emotionally. Deciding what to do with a cherished family home or deciding how issues pertaining to child custody are addressed can take a toll on an individual. The danger is that a person will become so focused on what is going on in their divorce now that they fail to think about how their decisions will have a long-term effect. This is especially true when it comes to financial decisions made during divorce about retirement.

How to make a divorce as simple as possible

Ohio residents and others have likely heard that Amazon founder Jeff Bezos recently finalized his divorce. Although most divorces don't garner as much publicity as his did, there are many lessons that people can learn from his experience. For instance, it is important to create and control a divorce narrative. This can be especially important for those who have children or who otherwise want their marriages to end as smoothly as possible.

Locating and valuing cryptocurrency assets in a divorce

Investors in Ohio and around the country have taken an interest in cryptocurrencies in recent years for several reasons. Alternative currencies like Bitcoin exist outside the realm of government regulation and can be purchased and transferred easily. These benefits have also made them a popular way for high-net-worth individuals to conceal their assets during divorce cases. When dealing with marital estates that include or could include cryptocurrency holdings, the biggest challenges facing divorcing spouses and their attorneys is locating the assets and then placing a value on them.

Advantages of having a prenup for a second marriage

Some Ohio couples may think of prenuptial agreements as largely being about how property will be split in case of a divorce. This is one reason people might be more likely to want a prenup if they are older and going into a second marriage, but prenups can offer other valuable protections as well, including for children from former marriages.

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