Let Us Help Protect Your Property Interests Before And After Divorce
The division of marital property can be one of the most complex and emotionally charged aspects of divorce, particularly if the divorce involves significant assets or debts. How the marital property is divided will affect both spouses’ lives for years to come, so it is crucial to have on your side a skilled legal advocate – someone who genuinely cares about you and your future.
At DeBra Law, LLC, we can help you reach a fair divorce and marital property agreement aimed at protecting your interests and ensuring your financial stability after your divorce. Our founding attorney, Ryan DeBra, is a Cincinnati divorce and property division lawyer with an eye for “the big picture,” as well as the minuscule details involved in complex property division. He is a skilled and effective attorney who can protect you and your interests throughout the divorce process.
To arrange a consultation, please call us in Cincinnati at 513-429-2223 or complete our contact form. DeBra Law, LLC, serves clients throughout Hamilton, Clermont, Warren and the surrounding counties.
How Is Marital Property Divided In Ohio?
In Ohio, assets and liabilities acquired during a marriage are generally regarded as marital property, which is subject to division if the spouses divorce. Because Ohio is an “equitable distribution” state, marital property is divided on the basis of what is fair – and not necessarily on the basis of what is equal. In other words, a 50-50 division of property is not a foregone conclusion, especially if complex assets and tax considerations are involved.
In many cases, an “equitable” division is essentially the same thing as an “equal” division. However, the court may consider a number of factors that could lead to an equitable distribution that is not equal for both spouses. Such factors may include:
- The value of each party’s assets and liabilities
- How long the parties were married
- The financial desirability of particular assets
- The tax consequences of dividing particular assets
- In dividing the family home, which party will have primary custody of the children
- Each party’s retirement benefits
- The potential cost of selling an asset in order to achieve a fair distribution
- Any financial misconduct (misuse of marital property) by one spouse, resulting in harm to the other spouse
Our firm has the knowledge and resources, including business valuation experts when necessary, to advocate for the fair distribution of marital property. We can also help trace the provenance of any separate property that is owned by one spouse and not the other. Separate property, as distinct from marital property, is not necessarily subject to division in a divorce.
Contact DeBra Law, LLC
To schedule a consultation regarding your goals and concerns, please call us in Cincinnati at 513-429-2223 or complete our contact form. Our firm represents clients throughout Hamilton, Clermont and Warren counties.