A Committed And Compassionate Property Division Lawyer
For many couples divorcing, division of assets can be stressful. As an equitable distribution state, Ohio does not automatically distribute property 50/50; instead, family courts in Ohio distribute based on what is fair. When your financial stability is on the line, working with an experienced Butler County divorce lawyer is paramount to your success.
At the Meadows Law Firm, we offer West Chester residents compassionate, customized legal counsel for their family law needs. For the last 45 years, we have dedicated our practice to providing individuals with top-notch legal advocacy.
Equitable Property Distribution
It is likely that you and your spouse have property that is separate and property that you acquired during the marriage. Any property you and your spouse acquired during your marriage eligible for distribution; this property is called marital property. Any property obtained before the marriage, inheritance or passive income from a previously owned property could be considered separate property.
We urge our clients to come to an agreement regarding how their property is divided, but we also understand that in some cases, coming to an agreement is not an option. If you and your spouse are unable to reach an agreement, the courts will decide for you.
Ohio courts consider the following when dividing a marital estate:
- How long the marriage lasted
- Assets and liabilities of spouses
- Which spouse will have custody of the children
- Taxes associated with selling the family home
- Costs of sale for the family home
Assets that could be considered when determining property division:
- College tuitions
- Retirement plans
- Cost of children living at home
- Health insurance coverage
- The family home
We Offer Free 30-Minute Consultations
At the Meadows Law Firm, we strive to provide excellent legal advocacy for divorcing families. We understand just how emotionally turbulent this time is, which is why as your Butler County family law attorney, we can help you get your case organized so you get the outcome you need to continue caring for your family.