Nancy L. Sponseller

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How Is Property Divided In Ohio?

On behalf of Law Office of Nancy L. Sponseller posted on Monday, December 1, 2014.

When a married couple acquires property, it is considered marital property and becomes subject to the process of equitable distribution if the couple gets a divorce. Equitable distribution means that the property is fairly, but not necessarily equally, divided between each spouse.

Marital property is defined in Ohio as personal and real property that each spouse or both spouses own, including retirement benefits. It also includes interest that one or both of them have earned from personal property or real estate and money obtained from a deferred compensation account. All separate property appreciation and income that the spouses acquire from monetary, labor or in-kind contribution is also considered marital property.