High-Asset Divorce
Types of collaborative divorce in Ohio
Collaborative law offers couples a different way to navigate divorce. This approach may help you avoid traditional litigation. It can reduce the cost and time required for a court-based divorce. Various types of collaborative law promote cooperation, open...
Why are high-asset divorces complicated?
SmartAsset defines a high-asset divorce as involving a net worth of at least $1 million. Having wealth in a divorce can make the process much more complex. The intricacies arise from various factors that demand astute attention. Financial entanglement Financial...
The benefits of mediation in a high-asset divorce
Divorce is never easy. With the complexity of emotions involved, the process can be physically and mentally draining. When divorce involves high assets (defined as one spouse having a net worth of $1 million or more) it can also become contentious. In these...
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...