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 net worth divorces tend to be different than divorces with fewer assets for a variety of reasons:
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.
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:
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.
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.
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.
Amazing Grace
I highly recommend Kristie L. Gotwald, Esq. from the VanNoy Firm. My cousin avoided a lot of serious time because of her. She was always pleasant and professional and I really appreciate her honesty and transparency through the whole process
Great person and a great lawyer!
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I wanted to take the time to personally think associate Christie Bebo of the VanNoy firm for her professionalism, and very courteous assistance in my legal matters. She helped me get going in the proper direction even being from out of state. Would’ve never expected so much help and such expert advice with a really caring type of attitude. I will highly recommend as well as personally used the VanNoy firm with any future legal matters that they are able and willing to take action on
Mr. Vannoy was excellent in advising and handling the whole legal process, would highly recommend the Vannoy Firm for your legal matters.Mr.Vannoy l will always be greatful. And Ms. Kathy your the best.
I have nothing bad at all to say about this man from the beginning to the end of my case the way he handled himself very laid back soft spoken but Is heard when he speak very professional and take the time to talk to you and explain things so that you understand I pray I’ll never need another lawyer but if I do it will be mr vanNoy once again thanks for your help
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