Month: July 2022
Protecting your small business during an Ohio divorce
You spent a good portion of your funds, time and energy building your small business. Now divorce looms and you worry that your spouse will take part or all of the enterprise you worked so hard to make successful. Ohio follows an equitable, or fair, distribution...
3 benefits of mediation for your divorce
When couples with substantial wealth and assets decide to part ways, emotions can run high, and the litigation process can take time. One thing you might consider to help streamline your divorce is mediation. It offers a number of benefits for high-asset divorces,...
Is a collaborative divorce less stressful?
Divorce often conjures images of contentious courtroom battles, tears and heightened emotions. It is an event that takes an emotional and financial toll on both parties involved. Is there an alternative to make the process smoother, less antagonistic and more focused...
How do various financial professionals help you navigate divorce?
An Ohio divorce affects your finances, potentially impacting everything from how much you have to pay for housing to how much you have tucked away for retirement. Many people working their way through a divorce are adding one or more types of financial professionals...
Navigating divorce with a positive attitude
For some people, the decision to get a divorce becomes relatively easy as a result of an affair or some other issue that permanently shatters the relationship. For others, deciding to end a marriage can prove more challenging, and some people hesitate to part ways...
How could divorce affect a spouse’s investments?
Ohio’s divorce statutes require dividing marital assets fairly between both spouses. Ending your marriage could result in dividing an investment or a retirement account that a spouse may not have contributed money to. You may need to share the value of a stock...
Ohio couples may end their marriages through mediation
Divorce involves filing a civil action through which spouses turn to the courts to dissolve their marriages. The Ohio State Bar Association’s website notes that a court’s final decree reflects the division of property. In some cases, a court may also order spousal...
A divorce is not the end
A divorce, while often viewed as a devastating life event, can also present opportunities for personal growth and a fresh start. According to Psychology Today, a divorce is often liberating and hopeful and can lead to more happiness. While it is natural to feel a...
Are you eligible for an ex’s Social Security when you divorce?
Many people in Ohio are navigating divorces later in life. If you are among them, you may worry about whether you are going to be able to maintain your current lifestyle once you enter into retirement. Per CNBC, many people do not realize that they may have the option...
How divorce impacts your finances in Ohio
Couples in Ohio often find themselves unprepared and overwhelmed by the financial challenges they face when their marriage ends. However, by approaching the divorce process with a clear understanding of its financial implications, people can better navigate these...
