Preparing For Property Disputes With Experienced Ohio Divorce Attorneys
Property division is a significant issue during a divorce, especially when it is contested. The division of assets can impact both parties’ futures profoundly.
At Kirner & Boldt Co., L.P.A., we recognize the importance of reaching a fair resolution in these cases. Our goal is to guide you through this process with clarity and care. We can also assist you with child custody in Ohio and other aspects of the divorce process.
Established in 1989, our family law firm has earned a reputation for excellence in North Royalton and throughout Cuyahoga and Medina counties. Our award-winning lawyers bring over 50 years of combined experience to the table. We are known for our responsive and hands-on approach, and we stand on a commitment to doing right by each and every client who walks through our door.
Understanding Equitable Property Division
Ohio follows the principle of equitable division when it comes to property division during a divorce. This means that marital property is divided fairly, though not necessarily equally. Courts consider various factors, such as each party’s income, assets and contributions to the marriage. Our attorneys help you understand these factors and work toward an equitable resolution.
Marital Vs. Separate Property
Distinguishing between marital and separate property is an important component of property division in Cuyahoga County and across Ohio. Marital property includes assets and debts acquired during the marriage. Separate property consists of assets owned before the marriage or received as gifts or inheritance.
However, there are many nuances to these definitions. For example, separate property must be kept separate; otherwise it may be treated as marital property if commingled with marital assets. Our property division attorneys are highly skilled at identifying and categorizing marital versus separate property. We work with financial experts when needed to address complexities such as commingled funds and asset appreciation.
Commonly Disputed Issues In Property Division
Property division can lead to disagreements. Common disputes include:
- Valuation of assets
- Division of retirement accounts
- Ownership of the family home
- Debt responsibility
- Marital versus separate property
We work to address these issues with a focus on achieving fair and effective outcomes for our clients.
Learn More About How We Can Help
If you need guidance on any aspect of divorce, including property division, please contact our North Royalton family law firm today to arrange a consultation. Our property division attorneys are here to provide the guidance and support you need through all stages of the divorce process. You can also reach us by phone at 440-884-4300.