Couples who are facing a High Asset divorce may find it beneficial to prepare before beginning legal proceedings. There are many things that should be considered when preparing for a High Asset divorce, but any Ohio individual can seek the guidance of an...
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High-Asset Divorce
Dividing marital assets and property division during divorce
An Ohio divorce requires a couple to divide marital assets, including property and financial accounts. This is a complex process, both practically and emotionally, and it can be especially stressful when there are disagreements regarding what qualifies as marital...
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....
Court awards ex-wife of businessman nearly $1 billion in divorce
Ohio residents may not have heard that, following a divorce trial lasting more than two months, an Oklahoma judge ordered a man to pay his ex-wife a total of $995.4 million in 'property division alimony." For his part, the 68-year-old CEO of a major energy firm was...
Dissolving a marriage with complex asset division
According to a recent article, there are a number of ways that a divorce might be complicated by diverse and numerous financial assets. Many assets, such as stock options and closely held businesses, can be difficult to value or divide. In addition, some divorces are...
Details of Eliot Spitzer’s High Asset divorce revealed
Ohio's version of a no-fault divorce is called a dissolution. Spouses aren't required to blame one another to obtain a divorce, but there are conditions. A Columbus couple must separate and work out all the details that will affect their post-marital lives. Notice how...
Marital asset dispute embitters Johnny Weir’s divorce
There can be more than two sides to every story when a married couple ends a relationship. For high-profile couples, the tale of a troubled marriage includes a public perspective, along with differing versions offered by the spouses. A persona, based on fame or even a...
Prenup asset protection evident in NFL star’s High Asset divorce
It's much easier for some engaged Ohio couples to discuss wedding plans and honeymoons than it is to have a heart-to-heart talk about money. Many couples assume love is the only requirement needed to wed. While that may or may not be true for marriage, there's a lot...
Protecting an Ohio business during divorce
The ultimate mixture of money and personal relationships is marriage. Couples who divorce in Ohio divide marital property according to state equitable distribution laws. Many Columbus spouses head into divorce without knowing the difference between separate and...
Resolution of Ohio High Asset divorces can take years
Some married couples have such great wealth that a divorce is more like a separation of sovereign states than a division of property. Separate and marital property can be so complex with High Asset divorces in Ohio that formal and final separations take...