Property Division Archives - Kelly Law Office https://www.kellylawohio.com/tag/property-division/ Columbus Ohio Family Law & Divorce Attorney Wed, 20 Mar 2024 23:14:31 +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/tag/property-division/ 32 32 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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]]> What to consider before taking the marital home https://www.kellylawohio.com/2018/11/what-to-consider-before-taking-the-marital-home/ Wed, 14 Nov 2018 02:56:17 +0000 https://www.kellylawohio.com/?p=441 After an Ohio marriage comes to an end, an individual may be tempted to keep the family home. There are many questions that a person should ask before deciding to keep it. For instance, it may be worth considering if that individual could pay the mortgage on his or her own. It is important to […]

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]]> Protecting a business before divorce happens https://www.kellylawohio.com/2018/07/protecting-a-business-before-divorce-happens/ Mon, 09 Jul 2018 03:18:27 +0000 https://www.kellylawohio.com/?p=484 When Ohio entrepreneurs get together to form a business, they may not be thinking about one another’s personal lives, but doing so may be necessary to protect the company. If one business partner gets a divorce, the company could come into play during the property division stage of the proceedings. The spouse of the partner […]

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]]> Avoid these missteps when dividing retirement accounts https://www.kellylawohio.com/2018/05/avoid-these-missteps-when-dividing-retirement-accounts/ Thu, 03 May 2018 03:33:08 +0000 https://www.kellylawohio.com/?p=517 For some couples in Ohio who are getting a divorce, their retirement accounts might be the most valuable assets they own. They may need to divide these assets during the divorce, but it is important to ensure the proper documents are in place so that it is not necessary to pay taxes or penalties. People […]

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