High Asset Divorce Lawyer Near Me

High Asset Divorce Lawyer Near Me

When it comes to divorce, Ohio is an equitable distribution state. High net worth divorces in equitable distribution states can be complex because a judge has to determine what is “fair” in dividing the marital assets. A divorce lawyer with experience handling high asset cases is an absolute must if you and your ex need to split up a significant amount of property. 

High Asset Divorce Considerations

High net worth divorces tend to be different than divorces with fewer assets for a variety of reasons: 

• High net worth divorces often take longer to finalize, and this usually means a bigger price tag 
• High net worth individuals tend to have more complex spending habits. This presents the possibility of one or both spouses making large purchases during the divorce in an attempt to hide assets. 
• Sometimes, if a couple has a high net worth, simply locating all of the assets and property can be challenging. 
• Typically, a multitude of experts must be brought in to evaluate a high net worth divorce. On top of a divorce lawyer, you may also need to pay for tax professionals, appraisers, estate planning experts, business consultants, and translators.  

Ohio Is Not a Community Property State

Community property states divide marital assets based on as close to a 50/50 division as possible. The majority of the 50 states, Ohio included, split marital assets based on what is fair, not what is equal. 

At-Fault & No-Fault Divorces in Ohio

This is an important distinction because it can also impact how your assets will be divided. If any of the following are applicable to the dissolution of your marriage, be prepared for it to impact the division of assets:

• Being MIA or incarcerated for over a year
• Fraud (for example, being underage without parental consent at the time of the marriage)
• Having an affair
• Alcoholism or addiction (could include sex or gambling addictions, not just drugs)
• Being legally wed to someone else at the time of the marriage
• Abuse or neglect

On the other hand, if the reason for the divorce is simply “irreconcilable differences,” Ohio considers no one to be at fault. In those cases, behavior by either spouse during the marriage would not really be a factor impacting who gets what.

Did You Sign a Prenuptial Agreement?

A prenuptial agreement is a contract signed before marriage outlining how assets and debts will be divided in the event of divorce. Now is a great time to dig your prenup out of the file cabinet and have your lawyer read over it. Sadly, only about 5% of couples have prenups. 

I Need a High Asset Divorce Lawyer Near Me

The VanNoy Firm is located in Dayton, Ohio, and we are familiar with the unique challenges that high asset divorces present. We have over 25 years of experience and stellar customer testimonials. Whether you prefer to go to court or settle, contact us to schedule a free consultation for your high asset divorce today.