Family LawEffective & Affordable Representation
Franklin County Property Division Attorney
Helping Clients Divide Their Assets in Ohio
Navigating the complexities of property division can be a challenging aspect of any divorce proceeding. At Catherine M. White, Attorney at Law, we know the importance of securing your financial future during these difficult times. Our property division lawyers in Franklin County are committed to advocating for your rights and ensuring a fair and equitable distribution of assets.
Call Catherine M. White, Attorney at Law, today at (614) 426-8720 or contact us online to schedule a consultation with our Franklin County property division lawyer.
What is Property Division?
Property division is considered a critical component of the divorce process, involving the fair distribution of assets and liabilities between spouses. This division is not solely about physical property; it extends to financial assets, debts, and even retirement accounts. The goal is to reach an equitable distribution, considering various factors unique to each case.
How is Property Divided in Ohio?
Ohio follows the principle of equitable distribution when it comes to dividing marital property. Equitable does not necessarily mean equal; instead, the court strives for a fair distribution based on various factors outlined in Ohio Revised Code Section 3105.171. These factors include:
- Duration of the marriage: The length of the marriage often influences how property is divided. Longer marriages may lead to a more complex evaluation of shared assets.
- Assets and liabilities: The court considers the nature and value of all assets and liabilities, including real estate, personal property, bank accounts, investments, and debts.
- Economic contributions: The financial contributions of each spouse to the acquisition, preservation, or appreciation of marital property are carefully examined.
- Spousal support: If one spouse is entitled to spousal support, it can impact the property division. The court evaluates the duration and amount of spousal support when determining the equitable distribution of assets.
- Tax consequences: The potential tax implications of property division are considered to ensure a fair allocation of assets.
- Custodial arrangements: If children are involved, the court may consider the custody arrangements when dividing property to maintain stability and support for the children.
Contact Our Property Division Lawyer in Franklin County Today
When facing the challenges of property division, having a knowledgeable attorney by your side is crucial. At Catherine M. White, Attorney at Law, our Franklin County property division attorney, is committed to delivering you with the personalized attention and legal representation you deserve. We are here to guide you through every step of the process and advocate for your fair share. Call us today to schedule your consultation and take the first step towards a brighter tomorrow.
Contact Catherine M. White, Attorney at Law, today to get started with our Franklin County property division.