What is going to happen to my estate during a high net worth divorce?
Your estate is everything that you own. During a high asset divorce in Ohio, you need to untangle yourself financially from your spouse, which means that you need to decide how to divide your assets.
Only your marital property is divided, not your separate property. Marital property is generally everything you obtained while married, regardless of whose name is on the title or deed. Separate property is property you acquired before you were married. In some situations, separate property can also include inheritances, gifts, and any passive income, like rents. Your estate might contain marital and separate property, so you need to sit down and assign your assets one of these labels.