When the topic of divorce comes up, one of the first things a husband or wife may consider is hiding their assets. Like bankruptcy, it's against the law for spouses to hide anything that they own during a divorce.
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.
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.
When an Ohio couple goes through the divorce process, they may also need to think about life insurance. While this can seem like just one more piece of paperwork, it can be important to securing alimony and child support in case of the payer's death.
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.
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.
Ohio residents who are considering a divorce may want to take a look at their investments and how they might be affected. For people who do not handle the family finances, it is important to know what all the assets are and how to access them.
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.
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.
When it comes to asset division during a divorce, the type of compensation one receives from a job can make a difference. Ohio residents might like to know about these special salary considerations.