Ohio is an equitable distribution state when it comes to property division in divorce. That's as opposed to a community property state. The difference is significant and can sometimes create major confusion -- the kind that can only be sorted out with the help of...
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Unvested military pension is divisible property in Ohio divorce
Married couples tend to accumulate a lot of things over the course of years together. If they decide to divorce those things have to be divided. So do the couple's debts. In Ohio, the law calls for the division of assets and debts to be equitable.But what exactly...
Who keeps the engagement ring when the wedding gets called off?
Let's say that you and your sweetheart have finally reached the point where you are ready for marriage. The two of you say "yes" and it's off to dreamland, right? That's the way it's supposed to go -- but it doesn't always end in such a happy fashion.In fact, there...
‘Equal split’ is not a guarantee with certain assets in divorce
One of the great myths about property division is that financial assets are simply "pots of money" that can somehow be divided right down the middle. In some cases that is possible, but in many other cases the ability to reach a "fair" division of the assets is...
Property division doesn’t have to be a stumbling block
As many Columbus residents have likely noticed, the realm of divorce news tends to attract the bizarre and the weird. More than anything this has to do with the way divorce is portrayed by news outlets and blogs -- but there is a kernel of truth to the portrayal....
How to approach the daunting prenup conversation
While the source article for this blog post is for financial advisors -- hey, even the advisors need some advice every now and then -- it raises an important point about prenuptial agreements. Prenups have been a common theme on this blog, and for good reason. They...
Prenuptial agreements are more important than you may think
Many people who are getting married are so swept up in the furor over their wedding that they either forget or simply ignore one critical aspect: the prenuptial agreement. This contract is absolutely vital in this age of divorce, and there really are few good reasons...
How to Avoid Surprises with Post Decree Debt
Divorcees want to rid themselves of their former spouse, as well their financial entanglements with him (or her) as soon as possible. In the midst of splitting up, many divorcees misunderstand an important aspect of their financial obligation that can continue even...