When spouses own and operate a business together, divorce can affect far more than their personal relationship. They must also decide what happens to the company they built side by side. For many couples, the business reflects years of shared effort, financial...
Royalties are payments artists and creators may receive when others use their intellectual property such as books, songs, scripts, patents and other protected works. Will these streams of revenue be subject to division during divorce? Well, the answer largely depends...
When many high-net-worth couples get divorced, there are issues with hidden assets. One person may not fully disclose all of the assets that they own. They may transfer assets to someone else, like a family member, just to keep them out of property division. It is...
Many divorces have at least some level of contention, but that’s usually much worse when one party is a narcissist. By nature, a narcissist is unable to think about anyone other than themselves. They will often focus on being able to control the situation and winning,...
Divorce is challenging for any couple, but executives and other high-income professionals often must navigate a veritable maze of financial concerns before reaching an equitable settlement. For starters, executives must carefully consider how divorce may affect...
If you own a business, hold a partnership interest or receive executive pay, divorce can raise a private concern. How much of your financial life will others see? In an Ohio high-asset divorce, business records may matter. They can affect property division, support...
The property division process in divorce requires honesty. The courts expect both spouses to fully disclose their assets and financial obligations during litigated property division proceedings. However, some people intentionally hide assets or use marital income to...
People generally expect the financial obligations imposed after a divorce to be simple or at least easy to calculate. Child support for many families can be a straightforward matter. The courts generally rely on state formulas to govern support amounts and ensure they...
Divorce is a complex subject when a business is involved because for many couples, a business is not just an asset but a source of income and long-term security. Understanding how business ownership is treated during divorce settlements can help you prepare for what...
In many cases, prenuptial agreements help lead to streamlined, uncontested divorces. By setting terms in advance, spouses can avoid divorce litigation. Other times, a prenup can actually be the reason for family court litigation. One spouse may ask the court to...
