Trust and transparency may be the first casualty when many couples undergo a divorce. Before taking this step and negotiating marital property division, you should be aware of the ways that spouses hide marital assets. Bank and credit card accounts If your spouse had...
Month: March 2021
Assessing separate property in a high-asset divorce in Ohio
When an Ohio couple decides to divorce, a litany of issues will be considered as the case moves forward. For some, there is a relatively smooth process in splitting the property and they can negotiate an acceptable settlement. In others, the property is of significant...
Millennials love the prenup – here’s why
Each generation perceives marriage differently and millennials are no different. Most significantly, they’ve embraced a previously taboo marital agreement known as the “prenup” or prenuptial agreement. The prenup sets forth the terms of a divorce before the marriage...
Modifying child support following an increase in income
When it is time for a child support increase, it is important for parents to know how that is determined and the for the parent seeking the increase to know how they can go about receiving one. Child support modifications are an ongoing and important part of the lives...
Taxes and spousal support
Like most any other decisions impacting your family or business, divorce has tax consequences. The federal government made changes to the tax law that will impact spousal support for couples who got divorced in 2019 or later. Tax Cuts and Jobs Act This law changed the...
You’re right: Your high-asset divorce does have complex, unique issues
If you believe as a Columbus-area resident that your impending high-asset divorce will optimally require close input from a proven high-net-worth divorce attorney, you are likely correct. Don’t be discouraged by the comparative complexity and varied issues that will...
Divorce after 50 may be more costly
The divorce rate for 55- to 64-year-old spouses doubled from 1990 to 2017. Late-life divorce, however, may be more complicated when spouses accumulated more assets and commingled their finances. Couples with more assets face many decisions on dividing their high-value...
