How will our high asset real estate investments be divided?

Family Law specialists with over 59 years of experience.

Real estate will be subject to equitable distribution just like all other marital assets. They will be lumped together with other marital assets and then divided by the judge if the couple cannot reach an agreement on their own. In this respect, high asset real estate is no different than any other marital property.

However, real estate creates certain complications that are not present with other assets. For one, it is hard to value real estate since property values fluctuate. You and your spouse can agree to a value or have the property expertly appraised. Make sure that you have an appraiser who understands the high-end real estate market.

Second, real estate is harder to divide than cash because you can’t cut a condo or house in half. In some divorces, this might not be a problem. Let’s say you have $1 million in real estate investments but $9 million in stocks, bonds, and cash. There is probably no reason to divide the real estate, since one spouse can receive $1 million more in stocks and bonds to even things out. If the assets are divided 50/50, then each spouse might receive the following:

  • Husband: $5 million in stocks, bonds, and cash
  • Wife: $1 million in real estate and $4 million in stocks, bonds, and cash

But if real estate investments make up most of the marital estate, then it will be hard to divide those assets. A judge can order a sale so that the proceeds can be distributed more easily. If you want to avoid a sale for whatever reason, then you should talk to your attorney about options to pursue.

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Family Law

Attorneys for Divorce, Child Custody & More At the Lawrence Law Office, we are committed to helping families in conflict find creative solutions that focus on addressing their goals and...

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Columbus & Delaware, OH Divorce Lawyers In Ohio, there is more than one way to separate from your partner and dissolve your marriage. A divorce is typically a contested proceeding, with each side...

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Enforcement and
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When working through your divorce with an Ohio family law attorney, chances are your divorce agreement made allowances for child support. spousal support or

Business owner
divorce

Dividing the marital assets between divorcing people can be one of the most contentious issues during the entire divorce process. Ohio law allows the couple to work together with...

Child Custody

Dividing the marital assets between divorcing people can be one of the most contentious issues during the entire divorce process. Ohio law allows the couple to work together with...

High Asset
Divorce Cases

Helping With Child Custody, Visitation & Support Updates Or Modifications Sometimes circumstances substantially change after a divorce and require parents to revisit an existing...

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