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high-asset divorce Archives

What should you do with real estate in your Ohio divorce case?

With divorce comes various complications. Deciding what to do with the marital home is one of them. With the costs of homes these days, the average person is typically unable to pay for a home in cash, or potentially even qualify for a mortgage on their own. Thus, it generally takes two people to be eligible for a home loan.

Dividing future profits from work created during the marriage

Your soon-to-be-ex-spouse has been writing "the great American novel" for most of your marriage. Although you provided lots of encouragement, read more than a few drafts and suggested some plot points and character descriptions, you never thought it would amount to anything.

Why dividing artwork in divorce can be a complicated endeavor

As your and your spouse's incomes grew, you began collecting more increasingly valuable works of art. This art now adorns virtually every room in your home. Now that you're considering divorcing, it's likely to be one of the biggest areas of contention as you divide your property.

Property division in a high-asset divorce

When couples are going through a divorce, one thing that they usually have to confront is the division of their marital property. If they are unable to reach an agreement on their own, a judge will make the decision. In an equitable distribution state like Ohio, the court will issue an order based upon what it believes to be fair, and that doesn't necessarily mean equal.

Dividing retirement assets after a marriage ends

When Ohio residents divorce, the question of how to divide a retirement account may be difficult to answer. This is because it may represent one of the most valuable assets that an individual could have. Retirement plans may also be tricky to divide because of the potential tax implications of doing so. As defined benefit plans are not considered marital property, any appreciation that takes place before marriage or after a divorce cannot be split.

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.

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