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Amy M. Levine
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How to advocate for yourself in divorce
When going through a divorce, you want the process to go as quickly and smoothly as possible so you can begin your new life. However, if there are complicated assets at play, things can become even more complex. While you may be working with an attorney, you should...
Commonly overlooked assets in a divorce
There are many challenging aspects to a divorce: child custody arrangements, division of assets, keeping control of your emotions in court. When you’re concerned about certain parts of the divorce, you may overlook other elements – assets or items that slip through...
Protecting yourself after a motor vehicle accident
Motor vehicle accidents can shake you up. But no matter their severity, you can receive recourse through a claim or settlement. Yet you may not know how to proceed – or what you’re entitled to. So long as the other motorists involved cooperate, the process can be...
Accidents when handling insurers can really hurt your claim
Accidents lead to millions of injuries every year, and that’s usually when people look to insurance companies for help. But even though you need assistance, the interests they’re looking out for may be their own. Unintentional injuries sent nearly 30 million people to...
What can you do when your spouse is hiding assets?
Divorce can bring out the worst in people. Reasonable, levelheaded folk may revert to shady tactics to "win" the process. The fear of losing assets leads many people to conceal them during proceedings. But most attempts at hiding money prove unfruitful. Read the news...
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Dividing Debts, Assets And Real Property In Divorce
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With offices in Columbus, Ohio, and Huntington, West Virginia, Amy M. Levine & Associates helps clients protect their financial interests throughout the divorce process.
Dividing Assets Equitably In Ohio
Each state has its own set of laws regulating the division of property during divorce or dissolution. In Ohio, all assets acquired by either spouse during the marriage are considered marital property. This property is divided equitably during divorce or dissolution.
Do keep in mind that “equitable” does not always mean “equal.” If one spouse has caused financial harm to the other, the court may redistribute assets to compensate for that harm. In addition, assets that one spouse held before the marriage, gifts made to one spouse, inheritances and personal injury settlement proceeds are not considered marital property.
Real property, such as the marital home or any rental property, is difficult to divide fairly. In some cases, couples may choose to sell the house and divide the income, or offset the value of the marital home by providing additional cash to the other spouse. A knowledgeable lawyer can help you reach a fair resolution and, if necessary, fight for your interests in court.
The Division Of Debts Is More Complicated
Ohio law does not set out specific guidelines for the division of marital debt, which means judges have significant discretion in assigning debt to divorcing couples. This means that the division of debts may vary on a case-by-case basis.
Because there is no formula for dividing debts, it is quite common for spouses to disagree about who should be responsible for which liabilities. It is wise to protect your financial interests by working with an experienced divorce attorney who has handled complex financial issues for divorcing clients in Franklin County and throughout the surrounding areas.
Speak With An Attorney About Your Financial Concerns
With extensive experience guiding clients through high-asset divorce and dissolution proceedings, we know what it takes to protect your interests. To arrange a consultation, please call us at 614-360-2942 or contact us online using our intake form. We look forward to helping you preserve your financial wellbeing and your legal rights.
Amy M. Levine
View Profile
Our Latest Blog Posts
How to advocate for yourself in divorce
When going through a divorce, you want the process to go as quickly and smoothly as possible so you can begin your new life. However, if there are complicated assets at play, things can become even more complex. While you may be working with an attorney, you should...
Commonly overlooked assets in a divorce
There are many challenging aspects to a divorce: child custody arrangements, division of assets, keeping control of your emotions in court. When you’re concerned about certain parts of the divorce, you may overlook other elements – assets or items that slip through...
Protecting yourself after a motor vehicle accident
Motor vehicle accidents can shake you up. But no matter their severity, you can receive recourse through a claim or settlement. Yet you may not know how to proceed – or what you’re entitled to. So long as the other motorists involved cooperate, the process can be...
Accidents when handling insurers can really hurt your claim
Accidents lead to millions of injuries every year, and that’s usually when people look to insurance companies for help. But even though you need assistance, the interests they’re looking out for may be their own. Unintentional injuries sent nearly 30 million people to...
What can you do when your spouse is hiding assets?
Divorce can bring out the worst in people. Reasonable, levelheaded folk may revert to shady tactics to "win" the process. The fear of losing assets leads many people to conceal them during proceedings. But most attempts at hiding money prove unfruitful. Read the news...
Visit Our Blog
