As you’re heading toward divorce, you’re probably wracked with a number of emotions, from anger and frustration to confusion and regret. These emotions can make it challenging to address the legal issues before you in an objective fashion. That’s understandable, and...
High-asset Divorce
Reducing the impact a divorce has on a business
As the saying goes, what’s mine is yours. When a couple unites through marriage, it is often the case that spouses share everything in their union. This means that the property of one spouse is likely to be considered the property of both spouses. How property is...
Options for dividing a business during divorce
Property division is difficult in most divorces. When a family-owned business is involved, it can be especially tricky. Dividing a business in divorce can mean making some exacting calculations and some uncomfortable decisions. Options for dividing a business during...
Here’s how retirement accounts are divided in a divorce
If you’re heading into a high-value divorce, then you’ve probably got a lot of questions about the property division process. In its most basic terms, Ohio law provides for equitable distribution of marital assets. This means that those assets should be divided...
Factors courts consider for dividing business assets in a divorce
Getting a business off the ground can be extremely challenging, especially in this economy. Starting and maintaining a successful business typically requires a significant capital investment, a fully thought-out business plan, and years of hard work and dedication. If...
Understanding spousal support in Ohio
When a couple decides to divorce, one or both parties may request spousal support. In Ohio, there are several factors a court may consider when deciding whether to award spousal support. Factors in determining spousal support The court will look at the income of the...
High-asset divorce and the importance of asset tracing
Dividing property is often one of the most complex issues of any divorce. This is never more true than when the divorce involves assets which are high in value or widespread. Determining what belongs to each spouse can be time-consuming, but doing so ensures that the...
Marital and separate property in divorce
In any Ohio divorce, the parties must divide their marital property in a way that meets standards of fairness under state law. This is the goal of property division, which is the most time-consuming and technically difficult aspect of many divorces. But before they...
5 methods of business valuation in divorce
It is not uncommon for a married couple to have worked for years or decades to grow a strong business together. Unfortunately, when divorce becomes a reality, the couple must decide what will happen to the organization in the future. The first step in this process is...
What happens to the family business when spouses divorce?
Many married couples who own and operate a small business together take great pride in the venture they have built from the ground up. However, as successful as their family business may be their marriage may not be as successful and they may decide they are better...