What will happen with my high value property after divorce?
Family Law specialists with over 59 years of experience.
All marital property is divided equitably in divorce, including high-value assets. High value assets are not treated any different than other assets. During a divorce, a couple can decide how they want to divide their marital property. They should write up their agreement and submit it to the judge for approval. Reaching an agreement is often cost-effective and makes the divorce process easier.
However, if a couple can’t reach an agreement, then a judge will divide the property equitably, meaning fairly. Equitable doesn’t necessarily mean 50/50, but in many cases the division will be close to equal.
When you are divorced, the judge will include property division as part of the divorce decree. You might have to sell property or sign it over to your ex-spouse. You should read the order to find out what you need to do. Some of our clients must put property up for sale or go through the hassle of signing over a deed or title. The property division will determine what next steps you need to take.
One thing you can’t do is simply ignore the property division order and hang onto assets because you don’t want to give them up. In that case, your ex can go into court and get an order forcing you to hand over the property. If you don’t comply, then you are in contempt of court, which can carry its own range of penalties, such as fines or even time in jail.
If there is property you want to hang onto, you should discuss it with your Ohio high net worth divorce attorney.
Our Practice Areas
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...
Divorce
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
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
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
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...
VIEW ALL PRACTICE AREAS
Lawrence Recent Blog Posts
Winning a Paternity Case in Ohio
Establishing paternity is critical to receiving child support payments or rights to visitation or custody. At Lawrence Law Office, we have represented men and women…
Read More
High Income Child Custody Cases: What Makes Them Unique?
In many ways, child custody cases involving high-income parents are no different from any other custody dispute. A court will analyze what is in the…
Read More