What is going to happen to my estate during a high net worth divorce?

Family Law specialists with over 59 years of experience.

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.

All divorcing couples can decide how they want to divide their marital property and can sign an agreement to that effect, which they then present to the judge. Unfortunately, many couples cannot reach an agreement, so a judge will need to first identify marital property and then divide it.

Marital property is divided “equitably,” meaning fairly, and a judge will divide your property after consideration of the following factors:

  • The length of your marriage
  • Your assets and debts
  • Whether there is any agreement to distribute property between the spouses
  • How desirable it is to award the family home to the parent with custody
  • How liquid the assets are
  • The costs of selling an asset if an asset needs to be sold
  • Any other factor the court considers relevant

In a high asset divorce, it can be difficult to analyze how much property you might get, so you should consult with an Ohio divorce attorney.

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I hired Linda Lawrence because I needed an aggressive attorney. Linda was able to stand up against the other attorney and was very aggressive in court. It was an expensive divorce case, but that was because the other attorney was very aggressive and Linda was very thorough. I had great results in my case and highly recommend Linda.

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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...

Contempt and
Enforcement and
Post divorce

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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