When you and your spouse divorce in Ohio, you must divide all the property that the two of you acquired during your marriage as equally as possible between you. Sometimes, however, a precise 50-50 property split would be unfair, leaving one of you at a disadvantage. FindLaw explains that in such a situation, you instead must divide your marital property equitably.
If you and your spouse are contemplating an Ohio divorce, it may be difficult for you to arrive at a fair and equitable property settlement agreement, particularly if you are a high-asset couple. Your difficulties could be especially complex if you believe that your spouse is attempting to hide assets from you.
When couples decide to terminate their marriage in Ohio, or anywhere across the country for that matter, they must cover a series of topics as they create a divorce settlement. One of the most difficult topics to tackle may be property division. While the family home, vehicles and finances are often considered first when dealing with marital property, there are a host of other marital items that may be less common. It is crucial that people keep these items in mind in order to get everything they are entitled to in the settlement.
If you and your spouse are a divorcing Ohio couple, you may have concerns about how to divide your marital property, especially if you own antiques – or think you do. While most people believe that an antique is an old and valuable collectible, that “definition” is only the tip of a very confusing and subjective iceberg.
If you and your fiancé are an Ohio couple deep into the planning of your upcoming wedding, the last thing you probably want to think about is a prenuptial agreement. Prenups have received an unjustified bad reputation over the years as documents that rich people sign before getting married because they do not trust each other and therefore want to protect their respective assets from each other.
If you and your spouse plan to divorce in Ohio and either or both of you have a retirement plan where you work, these plans may well make up a major portion of your marital assets. Zacks.com, an investment strategy site, explains that per Ohio law, the portion of your retirement benefits that you earned while married makes up the marital portion of your plan. That is the portion to which your spouse may or may not be entitled.
Marriages fall apart for any number of reasons, and a lot of times the final straw is just that, the final event in a series of happenings that would not have been as destructive on their own. Ohio couples who find themselves in this situation likely did not plan to ever end up here, and if this describes you, now you are sifting through remnants of relationship you never wanted to end.
At the Law Office of Kristen L Campbell LLC in Ohio, we know that dividing your property during a divorce can be one of the most contentious issues between you and your spouse. This is particularly true if you suspect that (s)he is hiding assets in an attempt to skew your family’s overall financial picture so as to deprive you of what is rightfully yours.
Some may think creatives can find imaginative solutions for every situation in life, but communication and other issues can haunt their marriages, too. When Ohio artists decide there is just no innovative resolution for their marital strife, who gets the art they have to split equally between them?
Ohio couples who own a business together but are thinking about ending their marriage must decide if and how the business will continue and, if so, how they will split its value between them. This can become very complicated very quickly.