A divorce complicates business ownership, especially when both spouses have an interest in the business. Buy-sell agreements offer a solution to protect business interests and ensure smooth transitions. Understanding how these agreements work helps business owners...
High-asset Divorce
Protecting high-value art collections during a divorce
Divorce can be a complex and emotionally charged process. Even if both parties agree it’s the best thing for each of them, it can still be a long process to go through. This is especially the case when dealing with valuable assets like art collections. Equitable...
Tax implications of transferring business assets in a divorce
Dividing business assets during a divorce can be a complex process. The tax implications of this process are especially complicated. It's essential to understand the potential tax consequences before transferring these business assets. Capital gains taxes and business...
Protecting your assets in a high-value Ohio divorce
Going through a high-asset divorce in Ohio can be complex, especially when protecting your finances. High-asset divorces often involve significant wealth and property, making it essential to approach the division of assets carefully. Knowing the legal rules and...
Strategies for uncovering concealed wealth to challenge prenups
Prenuptial agreements help protect individual assets in case of a divorce. Sometimes, one spouse may try to hide assets to avoid fair division. Understanding how to uncover these hidden assets is necessary for ensuring an equitable settlement. Importance of financial...
Top mistakes to avoid in a high-asset divorce
Navigating a high-asset divorce requires careful consideration to avoid prolonging the process. You might encounter many financial and emotional challenges that make proceeding hard to handle. However, you can work towards a smoother resolution by understanding and...
High-asset divorce is becoming increasingly common
High-asset divorce refers to a divorce where the couple has substantial wealth, property, investments or other valuable assets. This type of divorce is more common than many people realize. A high-asset divorce can have significant financial and emotional implications...
The emotional side of property division in a high-asset divorce
Divorce is a challenging process that often involves dividing assets between the separating couple. When it comes to high-asset divorces, the emotional toll of property division can be particularly intense. The distribution of assets can trigger a range of emotions,...
Back child support and professional license revocation
Losing your professional license can be a devastating consequence of failing to pay child support, especially for people with a high net worth. Professional licenses are necessary for many careers, including doctors, lawyers, real estate agents and more. When child...
Divorce concerns for sole proprietors in Ohio
When a sole proprietor contemplates the prospect of divorce, a wave of uncertainties may flood their thoughts. Among the concerns that arise, the fate of the business is a significant one. In Ohio, marital dissolution involves considerations that extend beyond...
