Nancy L. Sponseller

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Equitable property division in Columbus divorces

On behalf of Law Office of Nancy L. Sponseller posted on Monday, November 17, 2014.

Divorces in Columbus normally involve property division considerations, and after couples have been married for a significant period of time, the division of assets can be highly complex. If you are going through a divorce and your marriage involves numerous comingled assets, you may need help in determining the best way to divide your property and assets.

In Ohio, marital property is subject to equitable division, whereas property and assets that are deemed separate are not. Generally, marital property encompasses all of the assets you acquired while you and your spouse were married. Separate property includes assets that you or your spouse brought into the marriage. Inheritances or gifts given to you might also be included in the separate category. Separate property can also include awards from personal injury lawsuits even if you obtained the settlement after the marriage.

When your assets have been comingled with marital property, they may then be deemed as marital assets. For instance, you may have a claim to part of your spouse’s inheritance money if he or she deposited the proceeds in a joint account. Similarly, if your spouse has a significant retirement account or pension balance, you may be able to seek help in order to get the portion of the account due to you for amounts accumulated during your marriage.

A family law attorney who understands complex high-asset property division may be of help to you in determining the appropriate division of assets in your case. Our firm has helped many clients locate assets their spouses have attempted to hide and untangle comingled assets for division. If you have a complex case and have questions about property division, our webpage on the subject may provide beneficial information about asset division.