Every Ohio divorce case is different, but a primary component of the process for both parties is sorting out the financial rights and obligations they have incurred over the course of their marriage. Whether you were together for a few years or several decades, the spouses’ ownership interests in income, assets, and debts become intertwined in ways you may not expect. Ohio divorce laws provide details on handling financial issues, which will result in establishing two separate individuals from one legal, marital relationship when the case concludes.
However, the process for separating your interests can be challenging. The statutes and legal requirements are complicated, and the stakes are high when the parties focus on the dollar signs. It is reassuring to know that there are strategies for resolving common financial issues in a divorce, and you are in a better position to leverage them when you have a knowledgeable Ohio divorce lawyer on your side. You might also benefit from reviewing some basics.
Whenever going through dissolution of marriage proceedings, many parties will be forced to address:
Not all disputes must go before a judge, and there are numerous benefits to working out financial issues by agreement. It may be possible to negotiate settlement, but mediation may be an option if there are outstanding disputes. With this process, a trained mediator guides the parties in discussing ways to resolve financial conflicts.
When disagreements about finances remain, you will have to go to court for a contested hearing. This proceeding is similar to a trial, where both sides present exhibits, testimony, and arguments to support their positions. The judge will apply the laws and legal concepts to the facts, so the parties have less control over the outcome as compared to an agreed-upon negotiated settlement resolution.
This summary of common financial issues in a divorce is helpful for knowing what to expect, but the information should also convince you that retaining an experienced lawyer is a priority. For personalized details on how the laws affect your case, please contact the Fout Law Office, LLC. We can schedule a consultation to learn more about your circumstances.
Child custody cases are among the most sensitive and potentially heated matters in the Ohio family court. Disputes are common in cases of divorce or arising out of paternity proceedings.…
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Teresa is a very professional legal representative that was very patient with me and very comforting. She took the time to answer and clarify, if needed, any questions I had. She was very helpful and knew the laws and how to handle what I would call a difficult situation. She even assisted me after the divorce was final with some advice I needed and was there for me even with her busy caseload. I would certainly recommend her to anyone that would need her services.
Attorney Fout is amazing! She had to wear many hats during a very difficult case for my children and me over a 3-year process. She has a great depth in many areas of the law with the ability to understand how painful these times can be. She is very professional and has an extreme passion for high integrity. Because my children were involved her background as a Guardian ad Litem was so profound. I recommend her to others in need, as she can help in a plethora of legal avenues.
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