High-asset divorces involve many complications, especially when they include international assets. Property, investments, or bank accounts in different countries create unique challenges during a divorce. Jurisdictional issues International assets complicate...
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Do couples have to divide debts as well as assets?
When going through a divorce, people tend to focus on asset division. However, it's equally important to consider how to handle debts. Understanding how debt division works can help a couple prepare for this aspect of the divorce process and work towards a fair...
Dividing retirement accounts in an Ohio divorce
When couples decide to divorce, figuring out how to divide their assets can be challenging, especially when it comes to retirement accounts. Understanding how Ohio law handles these accounts is key to a fair outcome. How Ohio handles property division The courts...
What is a silent or invisible divorce?
Sometimes, marriages can fall apart quietly. Known as silent or invisible divorces, these situations occur when couples remain legally married but live separate lives emotionally and physically. This can be just as challenging as a formal divorce, if not more so. If...
Understanding spousal support in Ohio: when does an ex-spouse qualify?
In Ohio, spousal support (also known as alimony) is money that a court may order one spouse to pay to the other after they divorce. This support is meant to help a spouse who relied on the other financially during the marriage. Here’s a clear breakdown of when spousal...
Post-divorce financial planning tips
Going through a divorce can be challenging, especially when it comes to managing your finances. After a divorce, you need to plan for your future financial stability. Create a new budget Divorce significantly impacted the finances of the 989,518 couples who divorced...
What is an effective communication style for dealing with your ex?
Trying to communicate with an ex-partner can be difficult but unavoidable. A couple may have been together for a long time and have various matters that require them to converse. In such circumstances, adopting effective communication styles can make these...
Is there an obligation for a divorced parent to help a child pay for college?
In Ohio, the question of whether divorced parents have the legal obligation to contribute to their child's college expenses is a topic of considerable debate and scrutiny. Divorce settlements do typically include provisions for child support. However, the matter...
Mistakes to avoid during high-asset divorces
Divorce is undoubtedly a challenging process, and when it involves substantial assets, navigating it becomes even more delicate. Approach high-asset divorces with a strategic mindset to protect your financial well-being. Neglecting financial documentation In 2022,...
Are my retirement accounts and investments considered marital property during divorce?
Divorce can be a complex and emotionally challenging process, and one of the key aspects that often comes into play is the division of assets. For many people, retirement accounts and investments are key components of their asset profile. Protecting your investments...