Asset Determination & Evaluation
Southern Ohio’s Premier Divorce Attorneys
Dayton Mason
Marriage is a financial and legal relationship, in which financial concerns are at the forefront when the relationship comes to an end. A divorce is not all about money, but the financial and tax implications of a split can have an impact for years to come.
Marriage is a financial and legal relationship, in which financial concerns are at the forefront when the relationship comes to an end. High net worth asset individuals have to consider many more items when dealing with a divorce. Engaging an attorney that is experienced in the implications of a high net worth divorce will help you to protect what you have worked so hard to build.
Assets complicate a divorce, and couples dealing with significant amounts of assets, businesses, or property will need to understand the implications of the divorce. Business values are tied to cash flow, liabilities, and receivables. The ability to separate these values properly requires experience and a full understanding of accounting, finance, and tax implications. When dividing assets in a divorce, the tax implications of this division should be understood. Tax planning and a full understanding of the options available should be undertaken. The division of assets in a divorce can also effect spousal support.
Issues to Consider
Business valuation
Professional License valuations
Stock Options
Deferred Compensation
Income Verification
Prenuptial Agreements & Enforceability
401K & Retirement Income/Accounts
Joint Liabilities Distribution
Rental & Vacation Property
At Kirkland & Sommers, we know that divorce is not all about money, but the financial and tax implications of a split can have an impact for years to come. If you have questions surrounding asset division and valuation in a divorce, please call us today.
FAQs
- How long does a divorce take in Ohio? An uncontested divorce may be finalized in a matter of months, while contested cases involving custody or significant assets can take longer depending on complexity and court scheduling. We provide realistic timelines based on your specific circumstances and keep you informed throughout the process.
2. How quickly will an attorney respond to me? We prioritize communication. Family law matters are time-sensitive and emotionally challenging, and we strive to return calls and emails promptly so you are never left wondering about the status of your case.
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