Divorce can be a confusing and painful ordeal. By the same token, it can also be a liberating experience. In either case, you are left with many questions and concerns as to how to proceed. The issues raised in an Ohio divorce can impact you and your family for years to come, especially in the matter of finances, which is why it is important to be advised and counseled effectively.
At Morgan Law offices, we are here to help you through this uncertain time and answer any questions you may have as well as guide you through intricate and complex issues, such as the division of marital property and debt, child support, spousal support, and all that these issues can entail. With Attorney Kelly Morgan on your side, you will have the advantage of his years spent as a CPA with a firm grasp on all matters financial and related to taxes. He can help you gather, understand, and use important financial documentation that can ensure your financial planning for a pending and post-divorce life is as beneficial to your prosperity as possible.
Financial Matters in Divorce
One of the most important and often contested issues in an Ohio divorce is the division of marital property and debt. This is based on an “equitable” distribution which is one that the courts deem as fair as possible based on your circumstances. Courts will look at many factors in relation to this issue to produce what it considers equitable.
To start, marital property must be identified as opposed to “separate” property, which is the property that was acquired by one spouse only before the marriage or given to one spouse only during the marriage as a gift, inheritance, or court award (such as in a personal injury settlement). Additionally, prenuptial agreements may also impact how property is divided in the event of a divorce.
Issues that may need to be resolved in divorce finances can include:
- How separate and marital property and debt are identified
- The allocation of separate property which can be a complex matter
- How marital assets and debt should be equitably divided
- Whether financial misconduct on the part of a spouse (such as squandering assets without the knowledge of the other spouse) during the marriage has occurred and, if so, how it can be remedied
- Whether marital assets have been hidden and, if so, locating them as part of the marital property division issue
- Tax consequences in the matter of dividing property
- How child custody affects the financial aspects of divorce and child support
- Whether spousal support (alimony) is appropriate and, if so, what amount/duration should occur
- Are alternatives for spousal support available and how should amounts and limits be determined
As you can see, financial matters can be extremely complex in any divorce which is why it is to your benefit to have a trusted attorney protecting your best interests. With Morgan Law Offices on your side, you can have confidence that your financial interests and future will be safeguarded in negotiations with the other side as well as in courtroom litigation. Not only does Attorney Morgan have an advantageous background in finance but he is also an accomplished trial lawyer.
"He listened patiently and then provided me with sound advice which I used to get out of a difficult and stressful situation. Plus, knowing that he was there to back me gave me real peace of mind."Emily B.
"Kelly Morgan took time to listen and understand my situation. When you go through such a fragile time in life it's nice to know you have someone solid in your corner to help you legally."Ally M.
"He worked my child support/ parenting agreement quickly and efficiently! I contacted Him and before you know it I was walking out of court with conditions and terms in my favor!"DJ S.
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Former Certified Public Accountant