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Amy M. Levine
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4 common mistakes that drivers make after a crash

It’s an all-too-common experience. Another car hits yours while you are driving through town, on your way to work or headed out for a weekend trip with your family. This crash can leave you shaken up, but making mistakes after a crash could make it difficult to get...

4 details that are often overlooked in divorce

The process of divorce is complex, and a divorce can impact many aspects of your life. How will you divide your property? Will you need to move to a new home?  How will you adjust to life in a single-income household? What will happen to your kids? With so many...

A comprehensive checklist: What to do after a car accident

Being involved in a motor vehicle accident is incredibly stressful, potentially painful and usually expensive. Knowing what steps to take if you find yourself in this scenario may mean the difference between panic and decisive action. Are you equipped to handle this...

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When you file for divorce, you’re changing not only your life – but the life of your children as well. Divorce for parents can be even more emotional and challenging because of how all the changes will affect their kids. For parents, it’s crucial to offer children as...

Hiring divorce attorneys

When a marriage is no longer working out, many believe that divorce might be inevitable. As difficult as this trying time may be, it is vital for the couple to seek understanding, aggressive and compassionate divorce attorneys that will fight for their well-being and...

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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.

Family Law

Amy M. Levine
View Profile

Our Latest Blog Posts

4 common mistakes that drivers make after a crash

It’s an all-too-common experience. Another car hits yours while you are driving through town, on your way to work or headed out for a weekend trip with your family. This crash can leave you shaken up, but making mistakes after a crash could make it difficult to get...

4 details that are often overlooked in divorce

The process of divorce is complex, and a divorce can impact many aspects of your life. How will you divide your property? Will you need to move to a new home?  How will you adjust to life in a single-income household? What will happen to your kids? With so many...

A comprehensive checklist: What to do after a car accident

Being involved in a motor vehicle accident is incredibly stressful, potentially painful and usually expensive. Knowing what steps to take if you find yourself in this scenario may mean the difference between panic and decisive action. Are you equipped to handle this...

How can I help my children adjust to my divorce?

When you file for divorce, you’re changing not only your life – but the life of your children as well. Divorce for parents can be even more emotional and challenging because of how all the changes will affect their kids. For parents, it’s crucial to offer children as...

Hiring divorce attorneys

When a marriage is no longer working out, many believe that divorce might be inevitable. As difficult as this trying time may be, it is vital for the couple to seek understanding, aggressive and compassionate divorce attorneys that will fight for their well-being and...

Visit Our Blog

Contact Us For A
Free Consultation