There is a lot about the divorce process that leaves something to be desired. Among them is the division of marital assets. While property division is never an enjoyable process, it is even more difficult when there is a small privately held business involved. The following article is intended to provide advice to Ohio business owners on how to protect the business and business assets in case of divorce.
When Ohio couples divorce the lesser earning spouse can request spousal support from the higher earning spouse during the divorce proceedings. Unlike child support, spousal support is not mandatory nor is there a clear-cut calculation for determining spousal support. In fact, much of what occurs is at the discretion of the court. Because of this, the cost of spousal support can vary dramatically depending on various factors.
There are many reasons that married couples choose to file for divorce. Sometimes couples divorce due to infidelity or loss of interest, other times it's because of more complex and personal differences that can be tough to articulate. Regardless of the reason why couples divorce, research suggests that many couples in America divorce in January. Ohio readers may find the following blog on the "divorce month" interesting.
Divorce is a tough and emotional process, and it can be hard to know what to do and where to start. However, there are ways to make the divorce process more manageable. One way for couples to do this is to take the time to educate and empower themselves about some of the key steps in the divorce process. The following is advice for Ohio couples considering filing for a divorce.
For some people, spousal support may be perceived as a payment a man makes to a woman in a divorce. While traditionally most alimony awards were paid to woman, society has changed a lot. In fact, many family law and divorce attorneys from across the country are reporting that more and more men are beginning to request spousal support awards from their ex-wives in divorce proceedings than ever before.
Dividing assets in a divorce can be an arduous task. This is especially true when a couple holds a number of large, high value assets, such as real estate, stocks and a family business. Fortunately, a skilled family law professional can help in these situations. From understanding the tax implications associated with selling a piece of property to the impact on ownership interests in a small business, getting asset division right in a family law dispute is vital. Ohio couples with small businesses may find the following interesting.
A prenuptial agreement is a contract that couples enter into before marriage. In general, the purpose of a prenuptial agreement is to establish certain financial and property rights in case of divorce. While some couples may find a prenuptial agreement to be unromantic, the truth of the matter is if divorce should occur, a prenuptial agreement could end up saving Ohio couples a lot of unnecessary pain and grief.
The holidays can be hard on divorced parents. From child custody issues to money matters, the holidays are notoriously stressful, a fact which often heightens tempers. Fortunately, as far as child custody matters are concerned, it is possible to avoid serious conflict with a little bit of planning. The following blog is intended to provide divorced parents in Ohio with some tips for resolving child custody disputes this holiday season.
Recently, the importance of drafting a valid prenuptial agreement was highlighted on the Canton Family Law Blog. For many readers, however, a prenuptial agreement is just about protecting marital assets in case of a divorce. In reality, a prenuptial agreement is much more than that. Ohio readers may not have been aware of the additional benefits married couples might receive from having a well-prepared prenuptial agreement.
There are many complicated family law legal issues that can arise during a divorce proceeding. Among the most complicated family law issues couples face in divorce is asset division. Without proper and accurately drafted prenuptial agreements, couples are often likely to face long and expensive disputes. Ohio couples may enjoy the following blog on property division, prenuptial agreements and common drafting mistakes.