March 27, 2023

Y M L P-218

Financial Matter Oriented

Divorce in Ohio: Do you need a high asset divorce attorney?

Preparing for High-Net-Worth Divorces in Ohio | Garretson & Holcomb, LLC

Marriages fail for many reasons, but no matter the circumstances, being pragmatic about your divorce won’t be easy. Divorce is a complicated legal process, and things only get complicated when couples have considerable assets. Although hiring a Delaware Oh high asset divorce attorney is not mandatory, it could be a wise step for anyone getting divorced. In this post, we are sharing more on why these divorces are unique and how an attorney can help. 

When you have a business 

If you have business assets or are an owner of a business, consider getting an attorney. Ohio is an equitable distribution state. Most assets owned by the couple or acquired during the course of the marriage will be divided equally unless it’s inequitable. The valuation of a business and figuring out division and ownership could be inherently complex processes. If you are not on talking terms with your spouse, negotiations can be hard. Get an attorney to simplify the process. 

You have a large estate

If you have different types of assets or own a large estate, you need to seek legal advice. Property distribution should be equitable for sure, but there are several factors that will determine how assets and debts will be divided between separating spouses. Things like your age, if you wish to work after the divorce, tax issues after division, and your ability to manage your share of the estate, are things that can influence the final outcome. Hire an attorney so that you don’t settle for less. 

Your spouse is hiding assets

As we mentioned, high-asset marriages often involve intricate aspects. If your spouse is hiding their stash of cash somewhere, or you feel that they are undermining details, consider hiring an attorney. Attorneys have their ways to find details, and they can help plan your legal strategy accordingly. Remember that your spouse will come with an attorney, and it makes no sense to waste your time understanding legal aspects when a lawyer can do it all. 

Finding a reliable divorce attorney

One of the biggest challenges before you initiate legal proceedings of the divorce is finding a reliable attorney. Not all divorce attorneys in Delaware are experienced in handling high-asset cases, and it makes sense to know more about their credibility. That said, most lawyers are not allowed to share details of clients with others, but you can check their work profile and check online reviews for help.