Property Division Archives - Kelly Law Office https://www.kellylawohio.com/category/property-division/ Columbus Ohio Family Law & Divorce Attorney Wed, 20 Mar 2024 23:13:35 +0000 en-US hourly 1 https://www.kellylawohio.com/wp-content/uploads/2020/09/cropped-kellylaw-logo-icon-2-1-32x32.png Property Division Archives - Kelly Law Office https://www.kellylawohio.com/category/property-division/ 32 32 Know that an Ohio judge may consider your art as marital property https://www.kellylawohio.com/2020/08/know-that-an-ohio-judge-may-consider-your-art-as-marital-property/ Fri, 14 Aug 2020 20:52:57 +0000 https://www.kellylawohio.com/?p=173 Getting a divorce can be stressful, and depending on the circumstances, complicated as well. One aspect that is often difficult for divorcing couples to work through is how to split up hard-to-value assets. Most jurisdictions’ laws treat artwork as marital property. The one aspect of these assets that makes things difficult for divorcing spouses is that […]

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]]> Who gets the dog in a divorce? https://www.kellylawohio.com/2020/07/who-gets-the-dog-in-a-divorce/ Fri, 03 Jul 2020 01:22:59 +0000 https://www.kellylawohio.com/?p=179 Divorces can be hard on everyone involved, including the pets. Over the years, your domesticated animal has become more than just a pet, but instead part of the family. You can’t split up the family dog. Thus, when a couple gets divorced, your canine friend has to go with one spouse versus the other. There are […]

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]]> When should you bring an appraiser into your divorce discussions? https://www.kellylawohio.com/2020/06/when-should-you-bring-an-appraiser-into-your-divorce-discussions/ Fri, 05 Jun 2020 21:21:57 +0000 https://www.kellylawohio.com/?p=194 One of the hardest parts about going through a divorce is dividing up the marital assets. Couples tend to acquire a lot of possessions both before and after they get married. Some items may have more nostalgic or personal value versus a monetary one. It may be hard to assign value to certain household items. It might […]

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]]> Property division: How do Ohio courts divide marital debts? https://www.kellylawohio.com/2020/04/property-division-how-do-ohio-courts-divide-marital-debts/ Thu, 23 Apr 2020 14:38:04 +0000 https://www.kellylawohio.com/?p=222 When divorce enters the picture, many spouses focus on what assets they will receive during property division. Neither person wants to feel as if they walked away from divorce without their fair share of the assets. Unfortunately, this leaves the area of debt division largely unaddressed. It is wise for divorcing couples to make their own […]

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]]> Managing retirement accounts during a divorce https://www.kellylawohio.com/2020/01/managing-retirement-accounts-during-a-divorce/ Tue, 21 Jan 2020 21:52:30 +0000 https://www.kellylawohio.com/?p=242 When Iowa couples decide to divorce, the future of their retirement funds can loom large for many. These are some of the most significant assets that many people have, and the outcome of property division may lead people to alter their plans for retirement or step up their single savings. There are also particular tax […]

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]]> Deciding what to do with the family home in a divorce https://www.kellylawohio.com/2019/11/deciding-what-to-do-with-the-family-home-in-a-divorce/ Fri, 08 Nov 2019 22:40:18 +0000 https://www.kellylawohio.com/?p=274 Dividing the family home can be a difficult and complicated affair for a divorcing couple living in Ohio. Most assets that a couple has do not retain a lot of emotional value. However, a home is attached to memories. In many cases, the couple raised their children under that roof. Or it could be that […]

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]]> How to protect finances in case of divorce https://www.kellylawohio.com/2019/07/how-to-protect-finances-in-case-of-divorce/ Mon, 01 Jul 2019 23:06:32 +0000 https://www.kellylawohio.com/?p=315 Millennials are more likely than previous generations to keep their finances separate after they get married, but many experts say this will not necessarily protect them financially in case of a divorce. This is true even though Ohio is not a community property state. In an equitable distribution state, assets earned by each spouse are […]

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]]> Divorce and equitable distribution https://www.kellylawohio.com/2019/06/divorce-and-equitable-distribution/ Wed, 19 Jun 2019 23:16:12 +0000 https://www.kellylawohio.com/?p=329 Divorcing couples in Ohio should be aware that the majority of states will split marital property based on what is deemed equitable. However, this should not be mistaken for equitable distribution, which takes into account the facts of the case and the needs of both parties in the determination of how the marital assets will […]

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]]> Buying the family home during a divorce https://www.kellylawohio.com/2019/05/buying-the-family-home-during-a-divorce/ Tue, 14 May 2019 00:14:18 +0000 https://www.kellylawohio.com/?p=344 The biggest asset on the table for many Ohio couples who are ending their marriage is the family home. A common option is for one spouse to buy out the other one. But before this happens, it’s typically advised that they determine if this is financially feasible by treating the purchase as a new home […]

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]]> Revealing hidden money during divorce property division https://www.kellylawohio.com/2019/02/revealing-hidden-money-during-divorce-property-division/ Tue, 26 Feb 2019 00:29:51 +0000 https://www.kellylawohio.com/?p=370 Financial issues often lead to divorce for Ohio couples, and they can also reflect some of the most important and contentious issues raised as part of a settlement. Unfortunately, some people may seek to avoid providing their spouses with their fair share during the property division stage by hiding assets in secret accounts or undisclosed […]

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