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Amy M. Levine
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Our Latest Blog Posts
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...
Thinking about divorce? Talk to a lawyer sooner rather than later
People in difficult relationships often hope for the best. But is it wiser to prepare for the worst? Many partners think their situation will sort itself out. Others consider all the years they’ve had with their partner and believe their marriage can weather any...
Ohio has the second-highest opioid overdose rate
The opioid epidemic has plagued many states and the country as a whole for quite some time. Ohio is one of the states most affected by this crisis.In 2017, Ohio had over 4,200 overdoses related to opioids. This rate is almost three times the national average. One...
What NOT to do after a car accident
It’s winter in Ohio, so it’s an appropriate time of the year to discuss what to do in the case of an accident. Whether due to slick streets, distracted driving or a myriad of other reasons, the unfortunate truth is that most of us will be involved in at least one car...
Financial secrets can lead to divorce and impact its outcomes
Any type of lie or secret can be poison to a trusting relationship. However, lying about money can be one of the most dangerous types of deception for a marriage. Money problems are the second most common cause for divorce, just behind cheating on a...
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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
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...
Thinking about divorce? Talk to a lawyer sooner rather than later
People in difficult relationships often hope for the best. But is it wiser to prepare for the worst? Many partners think their situation will sort itself out. Others consider all the years they’ve had with their partner and believe their marriage can weather any...
Ohio has the second-highest opioid overdose rate
The opioid epidemic has plagued many states and the country as a whole for quite some time. Ohio is one of the states most affected by this crisis.In 2017, Ohio had over 4,200 overdoses related to opioids. This rate is almost three times the national average. One...
What NOT to do after a car accident
It’s winter in Ohio, so it’s an appropriate time of the year to discuss what to do in the case of an accident. Whether due to slick streets, distracted driving or a myriad of other reasons, the unfortunate truth is that most of us will be involved in at least one car...
Financial secrets can lead to divorce and impact its outcomes
Any type of lie or secret can be poison to a trusting relationship. However, lying about money can be one of the most dangerous types of deception for a marriage. Money problems are the second most common cause for divorce, just behind cheating on a...
Visit Our Blog
