Ohio Divorce & Finances
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UPDATED: Mar 2, 2020
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Figuring out how to separate your assets and debts following a divorce can be a very complicated task. How will you divide property? How will you deal with taxes? If there are wills and trusts, what are the estate planning issues that need to be worked out? Does one spouse need financial support, and if so, how much and for how long? Following are laws specific to Ohio Divorce and Finances.
Ohio Property Division/Community Property/Debts:
Ohio is a common law or marital property state. For an explanation of common law rules and the division of property in marital property states, see Dividing Up Property in a Divorce: Community Property vs. Equitable Distribution.
Ohio Spousal Support:
Spousal support is a regular amount of money that a court of law orders a person to pay to their partner after a divorce. The court may order spousal support for either the husband or the wife at the same time the final order for divorce is issued.
The amount and length of time spousal support is to be paid are determined by the court on a case-by-case basis. The decision is based on 13 specific factors, such as the standard of living established during the marriage, the length of the marriage, and the age, health, and earning capacity of the spouses. The court can consider any other relevant factors. The order for support may be permanent or temporary, depending on the circumstances.
You may need a lawyer to help you deal with the financial aspects of your divorce if you and your ex cannot agree. You can find a lawyer at:
Ohio Divorce/Child Support/Child Custody Lawyers:
Find an experienced Ohio Divorce Attorney at AttorneyPages.com
Find an experienced Ohio Child Support/Custody Lawyer at AttorneyPages.com
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