Brand
We now have a New Albany, Ohio location!

Columbus, OH 614-360-2942
Huntington, WV 304-519-4354
New Albany, OH 614-721-7726

Columbus, OH 614-360-2942
Huntington, WV 304-519-4354
New Albany, OH

PLEASE NOTE: To protect your safety in response to the threats of COVID-19, we are offering our clients the ability to meet with us via telephone or through video conferencing. Please call our office to discuss your options.

Family Law

Bankruptcy Law

Criminal Defense

Personal Injury

Probate

You are here:
  1. Home
  2.  » 
  3. Family Law
  4.  » 
  5. High-Asset Divorce
  6.  » Debts, Assets & Real Property
Title Prac Fami

Amy M. Levine
View Profile

Our Latest Blog Posts

Ruling limits when police can conduct searches without a warrant

When a person is subject to a police investigation in Ohio and the officers want to conduct a search, it can be difficult to know if they need a warrant. In recent years, these types of incidents have been a subject for debate. Understanding the limits under which...

Courts may be wise to reconsider their stance on police dogs

Ohio residents have likely read media stories about large drug seizures being made during vehicle stops after police dogs were alerted to the scent of narcotics, but this kind of reporting may have given law enforcement canines a reputation for reliability that they...

How vehicle accident fault could impact insurance claims

Every state has a law that applies when auto accidents occur, and especially when cases go to court. While most motor vehicle accidents in Ohio with obvious fault evidence are settled beforehand, this is not true in all cases. Insurance companies and claimants often...

Common things couples might overlook during their divorce

A divorcing couple often faces emotional and financial turmoil during the process. Dividing a single household into two futures, even if it is the best decision for both spouses, can cause significant stress and worry. Unfortunately, many couples become overwhelmed...

How to prepare financially for a divorce

Ohio is an equitable property division state, which means that you might be entitled to a majority share of a marital estate in a final divorce settlement. However, even if you are expecting to receive valuable assets as part of such a settlement, you'll still need to...

Visit Our Blog

Dividing Debts, Assets And Real Property In Divorce

Contact Us For A
Free Consultation

Bold labels are required.

Contact Information
This field is required.

disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

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.

Title Prac Fami

Amy M. Levine
View Profile

Our Latest Blog Posts

Ruling limits when police can conduct searches without a warrant

When a person is subject to a police investigation in Ohio and the officers want to conduct a search, it can be difficult to know if they need a warrant. In recent years, these types of incidents have been a subject for debate. Understanding the limits under which...

Courts may be wise to reconsider their stance on police dogs

Ohio residents have likely read media stories about large drug seizures being made during vehicle stops after police dogs were alerted to the scent of narcotics, but this kind of reporting may have given law enforcement canines a reputation for reliability that they...

How vehicle accident fault could impact insurance claims

Every state has a law that applies when auto accidents occur, and especially when cases go to court. While most motor vehicle accidents in Ohio with obvious fault evidence are settled beforehand, this is not true in all cases. Insurance companies and claimants often...

Common things couples might overlook during their divorce

A divorcing couple often faces emotional and financial turmoil during the process. Dividing a single household into two futures, even if it is the best decision for both spouses, can cause significant stress and worry. Unfortunately, many couples become overwhelmed...

How to prepare financially for a divorce

Ohio is an equitable property division state, which means that you might be entitled to a majority share of a marital estate in a final divorce settlement. However, even if you are expecting to receive valuable assets as part of such a settlement, you'll still need to...

Visit Our Blog

Contact Us For A
Free Consultation