Treneff Cozza Law, LLC Columbus Family Law Attorney | Dissolution Divorce | Mediation 2025-12-15T10:15:45Z https://www.treneff.com/feed/atom/ WordPress /wp-content/uploads/sites/1200802/2020/10/cropped-site-icon-32x32.jpg On Behalf of Treneff Cozza Law, LLC <![CDATA[How to divide digital assets during a divorce]]> https://www.treneff.com/?p=49112 2025-12-10T12:35:04Z 2025-12-10T12:35:04Z Modern divorce involves more than just houses and bank accounts. We conduct our lives online and our portfolios reflect this shift. From cryptocurrency holdings to revenue-generating social media channels, digital property holds significant worth. You must identify and value these items correctly to ensure a fair outcome. Ohio law classifies these holdings as marital property so ignoring them often leads to financial loss.

1. Trade for other assets

Ohio courts aim for an equitable distribution. This usually means an equal division but fairness dictates the final ruling rather than a strict fifty-fifty split. You can often keep your cryptocurrency if you give up another asset of comparable value. One spouse retains the crypto wallet while the other takes a larger share of the home equity. This method prevents the need to sell volatile assets during a market dip.

2. Sell and split the proceeds 

Liquidation often offers the simplest path. You sell the NFTs, domain names or crypto tokens and divide the cash. This approach removes the difficulty of transferring ownership or managing private keys. It also creates a clean break and establishes a clear dollar amount for both parties immediately.

3. Divide the assets directly 

You may choose to split the digital coins or tokens themselves. You send a portion of the tokens to your spouse's digital wallet. This division allows both people to stay invested in the market. It requires both parties to have their own secure digital wallets ready for the transfer.

Securing encrypted wealth 

Dividing digital assets during a divorce can be overwhelming. Aside from complex passwords and encryption make these assets difficult to locate, one spouse might try to hide funds in an anonymous blockchain ledger. A skilled attorney ensures you find every account and value it accurately. Managing property statutes requires a professional who understands both technology and the law to protect your financial rights.]]> On Behalf of Treneff Cozza Law, LLC <![CDATA[What does it take to move with kids when sharing custody?]]> https://www.treneff.com/?p=49111 2025-10-05T23:09:48Z 2025-10-05T23:09:48Z Co-parents can negotiate new terms Under Ohio state statutes, any change in residence generally requires pre-approval when sharing custody. The parent planning to move typically has to notify the other parent of their intentions at least 60 days in advance. If the move is relatively local, it may be possible to work out new arrangements for sharing parenting time after the move. In some cases, relocations might significantly increase the distance between the parents’ households and affect their ability to regularly exchange custody. Even in such circumstances, it may be possible to make cooperative adjustments to the custody order. If parents don't agree, the parent proposing the relocation likely needs to request a hearing in family court.

Judges can approve relocations

If co-parents cannot work cooperatively to adjust current custody terms based on a proposed relocation, then a family law judge may need to intervene. A judge generally needs to make decisions that are in the best interest of the children. They may review the current custody arrangements and the details of the proposed relocation. They can then determine whether the move is likely to be beneficial for the children or to do more harm than good. Parents hoping to relocate with their children need to follow the right procedures and present their perspective appropriately if the matter goes to court. Learning more about the rules that govern shared custody and move-away scenarios can be beneficial for parents pursuing the next chapter in their lives after the end of a relationship.]]> On Behalf of Treneff Cozza Law, LLC <![CDATA[How to address stock options during a divorce]]> https://www.treneff.com/?p=49110 2025-08-12T01:17:05Z 2025-08-12T01:17:05Z Stock options allow people who meet certain criteria to purchase stock in the company where they work as a benefit of their employment. Stock options can be one of the most valuable components of an executive employment contract. They can also be a major complicating factor when successful white-collar professionals divorce. Contrary to what people sometimes believe, stock options that are not yet available to a professional may be subject to division during divorce proceedings. How can people effectively address stock options during property division proceedings?

Determining what is divisible

Stock options are often part of a deferred compensation agreement. The professional likely needs to meet certain performance standards or retain their position with the company for a specific amount of time to be eligible for stock options. Depending on the conditions included in their contract and the timing of the divorce, only a portion of the stock options may actually be part of the marital estate when they divorce. Whatever they accrued during the marriage is theoretically subject to division even if they are not yet eligible to utilize their stock options for several years. This same rule may apply to other forms of deferred compensation as well.

Establishing a fair market value

In some cases, companies offering stock options are startups. They may not have yet even had an initial public offering (IPO) and are not a publicly-traded organization. In such cases, it can be particularly difficult to determine what stock options might be worth in several years. Even if the company has stock available for purchase when spouses divorce, the current value of that stock may not realistically reflect what the stock could be worth when the employee has the option of acquiring it. Spouses may need support as they attempt to determine what stock options are worth and then integrate that value into the overall property division negotiation process. Those anticipating a complex asset division process due to stock options and other valuable resources usually need guidance as early as possible during a divorce. Identifying stock options and other potentially complicating factors can help spouses push for fair property division outcomes.]]> On Behalf of Treneff Cozza Law, LLC <![CDATA[Smart strategies for handling alimony in high-income divorces]]> https://www.treneff.com/?p=49109 2025-08-01T15:35:53Z 2025-08-01T15:35:53Z Structured settlements for predictability A structured settlement breaks support payments into a predictable schedule over time instead of a lump sum. The paying spouse manages cash flow more easily, and the receiving spouse gains a steady, reliable income. In high-income divorces, couples can tie payments to bonuses or stock vesting to keep the arrangement fair for both sides.

Tax-efficient support agreements

Federal law no longer allows tax deductions for alimony payments.It also prevents recipients from being taxed on the support they receive. Couples can still reduce tax burdens by shifting other assets, covering certain expenses directly or using trusts. A well-structured agreement protects wealth and limits unnecessary tax costs for both spouses.

Handling major income differences

When one spouse earns far more than the other, support must reflect both current needs and future earning potential. Courts consider career sacrifices made during the marriage and unequal access to future wealth. Couples can create agreements with step-down clauses if income drops or sets caps on total support to prevent long-term financial strain.

Why legal guidance helps

High-income divorces involve many moving parts, making it smart to consult an experienced family law attorney. The right legal guidance helps couples create structured, fair and tax-efficient solutions while protecting long-term financial interests. An attorney can clarify complex support arrangements and help both spouses move forward with confidence.]]> On Behalf of Treneff Cozza Law, LLC <![CDATA[When is an ex-spouse entitled to spousal support in Ohio?]]> https://www.treneff.com/?p=49108 2025-06-11T20:21:53Z 2025-06-11T20:21:53Z Spousal support, or alimony, can be an important consideration during a divorce in Ohio. While not automatically granted, it may be awarded in specific circumstances based on several factors.

What factors determine spousal support?

Ohio law considers a variety of factors when deciding if one spouse is entitled to support. These include the length of the marriage, the financial situation of each party, and the standard of living during the marriage. For instance, a spouse who spent years out of the workforce to care for children may need support due to limited job prospects.

How is the duration of spousal support determined?

Spousal support may be temporary or long-term, depending on the circumstances of the case. In shorter marriages, the court may award support for a few years to help the receiving spouse become financially independent. For longer marriages, support might continue indefinitely, especially if one spouse cannot meet their needs due to health issues, age, or limited employment options. The court will evaluate whether the recipient spouse has the ability to achieve financial independence over time.

Can spousal support be adjusted or stopped?

The court can modify or terminate spousal support. If there is a significant change in either spouse’s financial situation, such as a job loss or a substantial income increase, the court may adjust the amount or duration of support. Additionally, if the recipient spouse remarries or begins cohabiting with a new partner, the obligation for spousal support may end. Knowing when a court awards spousal support and how it can change helps you prepare for what to expect during a divorce. Courts evaluate each case individually to ensure a fair outcome.]]> On Behalf of Treneff Cozza Law, LLC <![CDATA[Can prenuptial agreements protect same-sex couples?]]> https://www.treneff.com/?p=49107 2025-05-06T14:32:48Z 2025-05-06T14:32:48Z Marriage comes with big financial commitments, especially when assets are involved. For same-sex couples, a prenuptial agreement can offer clarity and protection in case the marriage ends.

What a prenuptial agreement can cover

A prenup allows you to decide how to divide assets and debts if the marriage ends. You can protect business interests, inheritances, and retirement accounts. It can also clarify how to handle income earned during the marriage. Ohio law respects prenuptial agreements as long as both parties sign willingly and disclose assets.

Requirements for an enforceable prenup in Ohio

Ohio courts enforce prenups that meet a few basic rules. Both people must sign voluntarily and have time to review the agreement. Each person should also disclose their financial situation. If the court finds that one person hid assets or pressured the other into signing, the agreement might not hold up. The agreement also must follow general contract laws in Ohio.

How same-sex couples benefit from prenups

Same-sex couples in Ohio now have the same legal rights as opposite-sex couples in marriage and divorce. But some same-sex relationships lasted many years before legal marriage became available. A prenup can help define which assets were earned together versus individually. This can reduce confusion and conflict later.

Why planning ahead matters

You might not want to think about a breakup, but clear agreements can reduce stress down the road. Prenups create structure and fairness if things change. They can help both people keep what they brought into the marriage and share what they built together.]]> On Behalf of Treneff Cozza Law, LLC <![CDATA[Communication styles in dealing with your ex: What is most effective for your situation?]]> https://www.treneff.com/?p=49105 2025-04-23T15:49:27Z 2025-04-23T15:49:27Z Communication with your ex can feel tricky, especially when emotions run high. Choosing the right style can help reduce stress and focus on what matters most, whether it's parenting, property division, or achieving closure.

Think about your goals first

Before you decide how to talk to your ex, ask yourself what you want from the conversation. Do you need to solve a co-parenting issue or split up shared property? If the discussion involves your children, Ohio courts generally prefer that both parents stay involved, making effective communication even more important. Being clear about your goals helps you avoid drama and keeps the focus on the outcome.

Use business-like communication when emotions rise

If conversations get heated, treat your ex like a coworker. Keep texts or emails short, respectful, and direct. Avoid sarcasm, blame, or long emotional messages. This helps prevent arguments and keeps a record of what’s said. Ohio courts often look at your ability to communicate and cooperate when deciding parenting time. Staying calm shows maturity and helps your case.

Set boundaries to protect your peace

You don't have to respond to every message right away. It's okay to take a break before replying. Set limits on when and how you communicate. Use apps like OurFamilyWizard or TalkingParents to keep things structured. If you share custody, communication tools can help reduce tension and misunderstandings.

Keep it about the kids when necessary

If you share children, keep the focus on them. Avoid bringing up past events or personal grievances. Share schedules, school updates, and health info. When you center the conversation on the kids, you demonstrate to Ohio courts that you’re prioritizing their needs.

Your communication style matters

The way you talk to your ex during and after divorce can affect your stress levels and even court outcomes. Think ahead, stay respectful, and put your energy into solutions, not arguments.]]> On Behalf of Treneff Cozza Law, LLC <![CDATA[Do divorced parents in Ohio have to pay for college?]]> https://www.treneff.com/?p=49062 2025-02-19T19:43:04Z 2025-02-19T19:43:04Z Ohio law does not require divorced parents to pay for a child's college expenses. Unlike some states that allow courts to mandate contributions, Ohio courts do not have the authority to order a parent to cover tuition or other education costs unless a divorce settlement explicitly includes this obligation. Parents who wish to establish financial support for college must do so through mutual agreement during the divorce process. Reviewing Ohio laws and divorce agreements can clarify financial responsibilities.

Divorce agreements and court orders

Many divorce settlements include terms related to college expenses. If both parents agreed to share education costs during the divorce process, those terms remain legally binding. A court may also issue an order requiring one or both parents to contribute if it determines that financial support aligns with the child's best interests. Parents should review the divorce decree to understand their obligations.

Factors courts consider

When courts decide whether a divorced parent must contribute to college costs, they assess several factors. These include the financial situation of both parents, the child’s academic performance, the availability of scholarships or financial aid, and the standard of living the child would have had if the marriage remained intact. Courts strive to balance the financial burden fairly while ensuring the child has access to higher education opportunities.

Alternatives for college funding

Children of divorced parents can explore alternative ways to finance their education. Scholarships, grants, student loans, and part-time jobs provide opportunities to reduce tuition costs. Some colleges offer financial aid programs specifically for students from divorced families. Open communication between parents and children about college expenses can help create a realistic financial plan. Parents and children should discuss college funding early to avoid financial disputes. If both parents contribute, clear agreements can prevent misunderstandings. When obligations are uncertain, legal guidance can clarify responsibilities. Planning ahead ensures that children receive the necessary financial support for their education while minimizing stress for all parties involved.]]> On Behalf of Treneff Cozza Law, LLC <![CDATA[How can you protect your business during a divorce?]]> https://www.treneff.com/?p=49061 2025-01-28T23:03:15Z 2025-01-28T23:03:15Z Divorce can be complex, especially when a business is involved. If you own a business in Ohio, protecting it during a divorce is essential to avoid financial disruption. Planning and understanding the legal process can help safeguard what you’ve built.

Determine if the business is marital property

Ohio follows equitable distribution laws, meaning marital property gets divided fairly, though not necessarily equally. The first step is determining whether your business is considered marital property. Businesses started during the marriage or significantly improved with marital assets are usually subject to division. However, if you established the business before marriage and kept it separate, it may be considered separate property.

Get an accurate business valuation

A business valuation ensures fairness in property division. A qualified valuation expert will determine your business's worth based on assets, income, and market conditions. This process is critical because an undervalued business may lead to unfair settlements. A proper valuation helps clarify its role in the divorce process, allowing you to negotiate effectively.

Protect your business through legal agreements

Prenuptial or postnuptial agreements can outline what happens to your business in case of divorce. If you didn’t establish such agreements, consider negotiating with your spouse during the divorce. Options include buying out their share or trading other marital assets. Additionally, separating personal and business finances during the marriage strengthens your case for keeping the business as separate property.

Limit business involvement in marital finances

Maintain clear boundaries between your business and marital assets. Avoid using marital funds to grow the business or adding your spouse as a co-owner without considering the legal implications. Keeping detailed financial records and having clear roles can reduce disputes over ownership during a divorce. It’s possible to protect your business with careful planning and strategic decisions. Staying informed about property division laws helps ensure a fair outcome while preserving your hard work.]]> On Behalf of Treneff Cozza Law, LLC <![CDATA[Are retirement accounts considered marital property in divorce?]]> https://www.treneff.com/?p=49060 2024-12-20T15:35:07Z 2024-12-20T15:35:07Z Dividing property during a divorce can be tricky, especially with retirement accounts and investments.  These accounts might count as marital property, depending on when and how spouses acquired them.

What is marital property?

Ohio law separates property into two types: marital and separate. Marital property includes things spouses obtain during the marriage. Separate property includes things owned before the marriage or received as a gift or inheritance. Retirement accounts and investments accumulated during the marriage are usually considered marital property.

What counts as contributions?

Courts examine what spouses add to a retirement account during the marriage. For example, money contributed to a 401(k) or pension during the marriage usually qualifies as marital property. Money in the account before the marriage remains separate property.

How are accounts valued?

Ohio courts determine the value of all retirement accounts and investments to divide them fairly. This process identifies which parts of the accounts are marital and which are separate. Tools like Qualified Domestic Relations Orders (QDROs) divide these accounts without tax penalties.

What affects how property is divided?

Several factors influence how retirement accounts are divided, such as the length of the marriage, each person’s financial situation, and any agreements between the spouses, including prenuptial and postnuptial agreements. Courts aim to divide property fairly, but this doesn’t always mean an even split.

Moving forward with your finances

Understanding how Ohio treats retirement accounts during a divorce helps individuals prepare to make informed decisions. Staying organized and planning ahead simplifies the process and supports future financial stability.]]>