As you know, divorce is complicated, emotional and messy in most cases. A high-asset divorce is all these things and more for many Cincinnati, Ohio, couples. Not only must you figure out the most equitable way to divide your marital property, but you must also ensure that your vision of equitable aligns with the state’s vision.
For example, your spouse may offer to give you almost everything, but an Ohio judge may decide it is unfair to your spouse. In other words, you must still comply with the equitable division model when addressing high-value assets.
Often, a lawyer can help with valuation
One of the most complicated property division tasks to tackle in a high-asset divorce involves determining the value of your assets. Ask yourself these questions to decide if you know enough about property valuation to address it alone.
- Do you know how much the family business is worth?
- Do you know the value of all your real estate holdings?
- Do your retirement accounts qualify as marital property?
- If so, how much are these accounts worth?
If you cannot answer these questions with confidence, it is a sign that you may benefit from legal assistance.
We want to make sure you understand how critical it is to acquire accurate marital property valuation. If you fail to address the value of your assets, a judge will step in and make these calculations without your input.
In our family law firm, we are prepared to address property valuation on behalf of our high-asset divorce clients, a service many other firms do not provide. Our attorneys can often perform this vital service for you or partner with a business or property valuation professional. Getting a correct valuation ensures that you get your fair share of marital property per the state of Ohio’s equitable distribution model.
Please, continue browsing for more about property division, especially if you share valuable assets with your spouse.