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For many people, one of the most difficult elements of divorce can be the division of assets and debts. Many people think that their assets will simply be divided in two, and each party will get half. In reality, it's more complicated than that. Some assets — such as real estate — cannot be divided. Other assets — such as retirement accounts and financial investments — may lose value if they are divided.
At the law office of Amy M. Levine & Associates, we provide the counsel our clients need as they are dividing their assets and debts. Attorney Amy Levine has an LL.M. in business and taxation. Her knowledge and understanding of finances and financial documents give our legal team unique perspective into cases, and it helps ensure our clients' best interests are protected.
We understand the short- and long-term consequences of dividing assets, and we educate our clients to help ensure they make well-informed decisions.
Determining Whether Assets Are Marital Or Separate Property
One of the most important aspects of divorce and property division is determining whether assets are marital property or separate property. Generally, anything that is acquired during the marriage is considered marital property and is divided equitably. However, inheritances given specifically to one spouse or assets one party had before the wedding may be excluded from the property division.
Contact Our Ohio Lawyers
Whether you have questions about dividing the family business or want to ensure your assets receive an accurate valuation, our legal team can help. Learn more about the counsel we provide by scheduling a free initial consultation. We can be reached through our online contact form or by calling our Columbus office at 614-360-2942 or our Huntington office at 304-519-4354.