Complex Divorce Litigation
Complex Divorce Litigation Law Firm in Ohio
Every divorce involves tough, yet important, financial decisions. Spouses must decide how to divide marital property (including both assets and debts) and agree on any settlements or additional support payments. These decisions can have far-reaching consequences, and they can be made even more complicated when high-value property or complex business assets are involved. Spouses can either resolve these issues on their own or, when they cannot come to an agreement, they can litigate them before a judge who will make final determinations.
If left to a court, the judge will base their property distribution decision on the state’s equitable distribution laws. However, they do retain a significant measure of discretion regarding how to apply these laws, so how you present and litigate your case is extremely important. Working with qualified lawyers familiar with complex property division cases can make an enormous difference in the outcome of your case. With Haynes Kessler Myers & Postalakis, you’re getting skilled legal counsel that understands all that goes into these kinds of cases.
Contact our office to discuss your case with our complex divorce litigation lawyers in Worthington.
Equitable Distribution in Ohio
As an equitable distribution state, Ohio courts see marriages similar to business partnerships and strive to divide property “equitably.” This means that each spouse is entitled to a fair share of marital assets based on different factors such as earning capacities, contributions to marital assets, the value of the asset, tax implications of potential division scenarios, and other facts of the marriage and separation terms (e.g., custody arrangements). Marital property can include any assets that were acquired during the duration of the marriage, as well as any items that comingled with marital property over the course of the marriage. Comingling frequently occurs in the context of business assets.
Common marital assets include:
- Financial accounts (bank accounts, retirement accounts, etc.)
- Business interests
- Debts and mortgages
- Investments and stock options
- Luxury items
- Residential and commercial property
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