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...
High-asset Divorce
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...
Does an ex-spouse’s new partner have rights over his children?
The American Community Survey reports that although the rate of remarriage after divorce has decreased 50% since 1990, men are more likely than women to marry again. Of every 1,000 men, 35.1 married a second time, compared to 19.4 women. A common concern in these...
How are high-value assets divided during a divorce?
Divorce is a challenging and often complicated process, particularly when it involves high-value assets. The division of these assets can become a major point of contention between parties. Items can represent not only significant monetary value but also emotional...
Detecting hidden assets during your Ohio divorce
One concern that may arise as you navigate your divorce is the fear that your spouse is hiding money or assets. In Ohio, concealing assets during a divorce is illegal. A fair settlement depends on a complete and honest disclosure of all marital assets. Here are some...
Things that may invalidate a prenuptial agreement
Having a prenuptial agreement is beneficial for many married couples, especially in high-asset situations. This agreement protects personal and family assets as well as businesses, and it outlines the distribution of assets and property in the event of a divorce....
Should you challenge your prenuptial agreement in your divorce?
According to the CDC, the divorce rate in Ohio for 2019-2021 was 2.6 percent, landing it right in the middle of states. In divorce law, prenuptial agreements often serve as a pivotal document, dictating the division of assets and properties between spouses. The terms...
What makes a legal prenuptial agreement?
Ohio law refers to prenuptial agreements as contracts and called them antenuptial agreements. Understanding these points can make it easier to know how to create one. With a prenuptial agreement being a contract, there are some essential criteria it must meet to be...
How is child support calculated in a high-asset divorce?
Child support is one of the most important aspects of an Ohio divorce. It strives to ensure the child’s best interests are served and they have everything they need for a positive life after the complex and difficult upheaval of divorce. For people who are well off,...
The benefits of a collaborative divorce
Just as all marriages are unique, so too is every divorce. For couples with a high net worth, this can be particularly true with respect to property division. And while divorce can be a contentious event, it doesn’t have to be, and working together can have...