You would be hard-pressed to find a divorce in which the division of marital property wasn’t at least somewhat difficult. If your divorce involves high assets, however, it is very likely to be far more complicated. Items like investment accounts, a large inheritance, or high-value collectibles, just to name a few, can be difficult to divide equitably. If you are heading toward a high-asset divorce, you need an experienced Ohio divorce attorney in your corner.
The property that you and your spouse acquired together over the course of your married years is considered marital property. This is regardless of whose name is on the deed or who made the purchase. This marital property is intended to be divided in a manner that is considered equitable, which amounts to “fair” when you factor in the circumstances of your marriage (however, there is a presumption of equal division). Within this context, there is obviously plenty of room for complications. For one thing, one spouse’s equitable is often another spouse’s utterly unfair. When the marital property involves high assets, you can expect emotions to run even higher and complications to flow freely.
Those assets that both or either of you brought into the marriage with you – and kept separate throughout the intervening years – will remain your separate property that will follow you into divorce. There is also plenty of room here, however, to encounter complications. For example, if your spouse brought a small business into the marriage and grew it into an empire over the course of your marriage, that increase in value will very likely be considered marital property (especially if he or she ran the business throughout your marriage) – to be split equitably. This is generally true whether you worked for or contributed to the business directly or not. If you did work for and/or contribute to the business’s growth, however, it can further muddy the water.
Assets and properties that have significant value generally need asset valuations, which include considerable evidence procurement. In fact, the act of obtaining a valuation that you are both willing to sign off on can be exceptionally difficult in and of itself. Some of the assets that tend to seriously complicate the division of marital property include:
Suffice to say that when it comes to high-asset divorce, there is a good deal of work to be done to help ensure that your financial rights are well protected – and there is also a good deal more wiggle room when it comes to financial shenanigans. All told, you are well-advised to work closely with an experienced Ohio high-asset divorce attorney.
When it comes to a high-asset divorce, protecting your financial rights is paramount, and the focused Ohio high-asset divorce attorneys at The VanNoy Firm have the experience, legal insight, and skill to help you do just that. For more information about how we can help you, please don’t wait to contact us today.
Our premier Dayton attorneys work diligently to defend our clients’ rights with aggressive and individualized legal representation.
I am truly appreciate all the work dedication & time Kristie has put in with me & my son Ja’Vien she has been like a second mother to us she has went beyond her way & made sure she stayed with us every step of it. God knows this was hard for me but he sent her to us & I will for ever be grateful for her. Ty sooo much for all u have done for my family I pray we never have to let this be the end of our relationship Truly Kenya & JaVien
As a Dayton Attorney, I have have both worked with Anthony and battled against him in Court for over 25 years. He is a great litigator and a fierce advocate for his client! Besides that, his word is his bond!
Make the Call! Call the VanNoy Firm first!! I spent days, calling around to different firms seeking legal assistance. Our lives can change in an instant and if you are faced with a legal challenge, call the VanNoy Firm! I was blessed to have the support, guidance and overall experience that I did with the VanNoy Firm. Kristie Gotwald represented me in a Child Custody Case. Kristie’s commitment to my case was exceptional. Kristie’s communication, not only with me but also with the court and the opposing layer, kept me confident that Kristie was continuing to fight for justice everyday.…
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!
ANTHONY is the best!! Handled my boyfriends case like it was nothing in and out very quickly!! I would recommend using this law firm!!
Anthony is the BEST handled my case very swiftly and efficiently!!!!
I wanted to take the time to personally thank the VanNoy firm for their professionalism, and very courteous assistance in my legal matters. They 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.
Make a consultation with our expert team to solve your problems.
Fill out the form below to schedule a consultation.