Ohio Complex Asset Divorce AttorneyDivorce can be made more difficult by unwinding all of a couple's jointly held assets. Some jointly held assets require a sophisticated approach in untangling a divorcing couple's interests. The attorneys at Harris & Engler are a central Ohio law firm, with divorce attorneys practicing in Columbus, greater Franklin County, Delaware County, Union County, and Fairfield County. The attorneys at Harris & Engler are experienced in successfully untangling complicated assets in divorce proceedings.
Some of the more complicated assets that can be divided in a divorce include business ownership interests, real estate holdings, investments, retirements accounts, and debts.
Business Ownership Interests in DivorceMarried couples will sometimes start businesses together, or they may each hold ownership stakes in the same business. When going through a divorce, the attorneys at Harris & Engler like to enable a clean break so that a divorcing couple can also separate their business interests. Surprisingly, some couples will carry on in an intertwined business relationship even after divorce; but that only works in rare and unique circumstances. Everybody has different goals with a divorce, and the attorneys at Harris & Engler are here to help you effectuate those goals. The attorneys at Harris & Engler regularly work with business owners in Columbus and Delaware, Ohio for the purposes of protecting their business interests in a divorce.
Divorce's Affect on Real Estate and InvestmentsGenerally in Ohio, each party to a marriage is entitled to an equitable share of all marital property. Marital property generally includes all property acquired by either party to a marriage during the term of the marriage. Whether you and your spouse acquired the property jointly or separately, it still has to be accounted for during a divorce.
There are certain unique circumstances with regard to property acquired by either spouse before marriage. Real Estate and investment holdings tend to accrue value over time, and if the assets were obtained before marriage and accrued value, you may be entitled to keep the accrued value as separately yours during a divorce. It depends on a number of factors, inlcuding whether there has been a comingling of assets and if there is traceability back to the asset's original separate property status.