Work with an Experienced Legal Advocate
In Ohio, divorce courts typically accept a fair and reasonable property division decided between divorcing spouses. If the parties cannot come to an agreement, the marital property is divided by the court within the Judgment of Divorce. To ensure that you receive fair treatment in court, see that you have our skilled Dayton divorce lawyer with you.
When spouses are unable to reach a settlement over their property, the Court of Common Pleas can distribute the property as it sees fit. It will endeavor to be equitable, but this is not always how things play out.
That is why it is so imperative that you have a legal advocate to protect your interests. Contact Gounaris Abboud, LPA today to seek out a solution to the complex property distribution issue you are facing.
How Property is Divided in Ohio
Property subject to division is only that which had been acquired during the marriage, not before. The court considers several factors in dividing the marital property.
Among these factors are:
- Length of the marriage
- Assets and liabilities of the spouses
- The desirability of awarding the family home to the spouse with custody of the children
- Liquidity of the property to be distributed
- Economic desirability of retaining intact an asset or an interest in an asset
- Tax consequences of the property division
- Costs of sale if it is necessary that an asset be sold to effectuate an equitable distribution
- Any division or disbursement of property made in a voluntary separation agreement
Some items have easily ascertainable value, such as a bank account, while others are more difficult to assign value to. If spouses cannot agree on the value of such assets, the court will need to decide their worth.
- Experts may be needed to appraise such items as:
Let Our Firm Help You
With Gounaris Abboud, LPA, you can have peace of mind knowing that you have representation from an award-winning Dayton divorce attorney. Our firm can offer you experienced advice during the entirety of your divorce so your rights are protected and the process can move as swiftly as possible.
Fill out an online case evaluation or give us a call to learn what our firm can do for you!