While the divorce rate has seen a slight decline in recent years, almost half of those who marry still face the prospect of divorce. When a marriage ends in Ohio, the couple divide the assets and are free to continue their respective lives as newly single individuals without legal ties to each other -- except where the issue of federal retirement accounts might be concerned. Failure to address beneficiary designations can have unintended consequences following a divorce.
Divorce can be sticky wicket. A high-asset divorce involving large amounts of money and other assets can be a very complex and time-consuming process that may not fully end with a final settlement in Ohio. Such is the situation in a case playing out in another state.