Columbus Property Division Attorney
Grove City Asset Division Lawyer
The division of assets and debts is one of the largest areas of contention for spouses seeking dissolution or divorce. From questions about what is marital property versus non-marital property to how the court might handle dividing a spouse's pension, divorcing couples often find themselves overwhelmed and confused.
By speaking with our firm, you can find answers to your questions and ease your concerns.
At the law offices of Paul R. Panico, we have been providing comprehensive legal guidance to clients seeking assistance with their property division concerns for nearly 20 years. Do not wait to ask an experienced attorney about your property division issues. Call 866-505-0110 or contact us to schedule your free initial consultation at our Columbus, Ohio, law offices.
Properly Assessing Your Marital Property
The key to any successful division of marital property is obtaining a full picture of all assets and debts tied to your marriage. Attorney Paul Panico will sit with you personally to review your finances to ensure that a comprehensive assessment is provided to the court. The court will then be required to equitably distribute your marital assets and equitably allocate your marital debt.
What most couples do not understand is that equitable does not necessarily mean equal, but instead refers to fairness. The court will look at all factors of your marriage, including non-marital assets of each partner and finances each partner put into the marriage, before determining a fair property division. In the end, the court will divide all assets and debts, including:
- Each spouse's income and bank accounts
- 401(k) accounts, retirement funds and pensions
- The marital home and any other real estate property
- Family businesses or other closely-held businesses
- Other considerations relating to high-value assets
The court can then use its property division calculations to assess whether spousal support, also known as alimony, is appropriate.
Take Control of Your Situation; Negotiate With Your Spouse
You do not have to leave property division considerations up to a judge. If you and your spouse can work together, it may be in your interests to pursue an uncontested divorce or dissolution where you two will be in full control of how you divide your assets and debts. Contact our firm to learn more about mediating or negotiating your property division terms.
If you live in central Ohio and cannot come to us, we will come to you.
Obtain the answers to your most pressing property division questions — the experienced legal advice and quality representation you are looking for are right here.
For a free consultation — call 866-505-0110 or contact us at our Columbus, Ohio, law offices.