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...
Your private practice is more than a business. It reflects years of hard work, dedication and financial investment. In an Ohio marriage, it can also be one of your most significant assets. When divorce begins, deciding what happens to your practice is one of the most...
When undergoing a divorce, wealthy couples face unique hurdles that go beyond parenting schedules. High-income status often introduces complexities regarding education and lifestyle that require careful planning. How can parents handle these challenges? Essential...
When a marriage ends, dividing property can involve more than bank accounts and real estate. Some couples own luxury assets that hold significant financial value. The value of these items can play an important role in property division during a high-asset divorce....
The Ohio family courts generally only order spousal support when they determine that it is necessary or when a couple agrees on support as a means to balance a mutually-beneficial divorce settlement. After a high-asset divorce, a lower-earning spouse may struggle to...
