Treneff Cozza Law, LLC
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January 2015 Archives

Divorce battle involves husband's business partners

When Ohio couples are going through a divorce, they often have to face the potentially complex process of dividing marital property. As one woman recently learned during a legal battle that has spanned several years, divorce may be accompanied by complicated financial issues. Even when a couple assumes that a divorce will be amicable and simple, it is necessary to protect financial interests with a careful examination of both parties' finances. 

Supreme Court to make decision about gay marriage bans

Gay marriage petitions from Ohio, Kentucky, Michigan and Tennessee will now be heard by the U.S. Supreme Court. On Jan. 16, the Supreme Court announced that it planned to make a ruling about whether or not gay couples have a constitutional right to get married. The Supreme Court's decision on the issue will determine whether statewide gay marriage bans will be allowed to continue.

401(k) divisions in divorce proceedings

Over time, residents in Ohio who contribute to 401(k) accounts may be able to accumulate a valuable asset. Because these accounts are subject to taxes if funds are accessed before a certain threshold is met, dividing the account during a divorce may be difficult. However, in many jurisdictions, a qualified domestic relations order might be used to divide the asset while avoiding unnecessary tax penalties.

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