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...
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,...
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...
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...
You always grew up with a significant amount of wealth, and your parents were high earners. You knew that one day they were going to leave you an inheritance that could be a life-changing amount of money. You certainly have your own professional aspirations and have...
Spouses with prenuptial agreements can often avoid messy divorces. They do not need to negotiate every detail of their divorce settlement or litigate. The terms that they previously set regarding the division of property, the need for financial support or the...
When you own and devote your time to your company, facing an impending divorce can leave you asking questions. One of these might be if the divorce can impact the daily operations of your business. The truth is that divorce does not have to mean the end of everything...
Shared professional practices established by couples in the same profession are somewhat common. Spouses who meet during graduate school might operate a physical therapy office together. Accountants who fall in love in college or while working for an outside firm may...
