When a couple commits to the process of getting divorced, things can become tense. Even if they used to be a good team when it came to making decisions, even the smallest agreements may now become impossible to establish. This can be frustrating even in the best of situations. However, when it comes to agreeing on dividing marital property, explosive arguments can be extremely costly for both parties.
If you are worried about the potential outcomes for the division of marital property in the state of Ohio, it is important that you take the time to consider the possible variables. This will help you to understand what aspects are within the realm of your control, and what you can do to impact these aspects going forward.
The law on marital property division in Ohio
The law in Ohio follows equitable distribution guidelines regarding marital property division. This means that they try to establish a way to divide the property that is fair to each spouse.
This method is quite subjective, and takes into account different factors, including the earning power of each spouse, the contributions that each spouse made to the marriage, and who might have been responsible for the break down of the marriage. This means that each spouse has a certain degree of control when it comes to influencing the equitable distribution process.
The impact that divorce mediation can have on financial matters
Many divorcing couples fall into the trap of fighting for every cent that they are able to gain from equitable distribution. This is not only stressful and emotionally exhausting, but it does not necessarily lead to a successful result.
Mediation is a much more civilized way of confronting divorce-related issues. It will involve you and your divorcing spouse sitting down together and figuring out a way to move forward with minimal conflict and resentment. This can help you figure out what resolution would work best for both of you. By engaging in divorce mediation, both spouses can walk away satisfied.
If you are considering mediation in your divorce, it is important that you learn more about how the technique can help child custody disputes and other matters.
