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Getting Clients a Favorable Result When the Stakes are High

One of the most contentious aspects of any divorce case tends to be the division of marital property. While Ohio law protects each spouse during the asset division process, there is some leniency regarding how the estate is divided and what assets are considered marital property. This creates tension and confusion, especially in high-asset divorces.

When a couple shares substantial assets, it is understandable that each person should fight for their fair share. At Carpenter Family Law LLC, we have represented clients during the property division process for decades. We understand what is allowable under Ohio law and what is not permissible, and we will fight tirelessly to ensure you get a favorable decision in your high net-worth divorce.

Whether you need help dividing marital assets, securing a reasonable child support payment amount, or finding a solution regarding spousal support, we will stand by your side and guide you through this complex process. Our legal team helps clients find solutions through mediation as much as possible to avoid the costly and time-consuming court process. Call 614-553-0260 today to schedule a free phone consultation and discuss the details of your divorce with our caring, capable family law attorney.

What Qualifies as a High-Asset Divorce in Ohio?

There is no legal definition for a high net worth divorce. However, dividing assets becomes more complicated the higher the net worth of the marital estate. Property division is already a challenging matter in any divorce, but with high-value assets, you and your ex may be in for a challenge when deciding who gets what when your marriage ends.

Some examples of assets that increase the complexity of divorce cases in Ohio include:

  • More than one residence
  • Additional real estate properties, such as investment real estate and home rentals
  • Retirement funds
  • Multiple bank accounts
  • Business assets
  • Hidden assets, such as offshore accounts
  • Multiple vehicles
  • Pension plans and 401(k) plans

Many couples create a prenuptial or postnuptial agreement to outline how equitable division will look in their complex divorce. These documents describe which assets will go to which person, often depending on whether one spouse contributed more to the development of the asset.

Experienced attorneys can help by interpreting prenup and postnuptial agreements and ensuring they are legally valid and fulfilled properly. Your lawyer can also help with your high-asset divorce case by categorizing the assets as separate property or communal property, ensuring certain assets are not assigned to your ex unfairly. Reach out to our asset division attorney right away for the support you need during this challenging process.

What Additional Concerns Come with a High-Asset Divorce?

Going through a divorce can be stressful enough without worrying about a large estate being divided unfairly. Couples with a large marital estate may face additional stress and legal issues when approaching matters of estate division, child support, and spousal support. It is important to remember that the financial provider will be expected to maintain the level of comfort the family experienced during the marriage, even if this means higher than average child support and alimony payments.

Some other considerations that may come into play in a high net-worth divorce include:

  • Tax consequences of receiving a large amount of money in a high net-worth divorce
  • Child support and alimony payments that cover the needs of childcare, medical care, and other expenses
  • Lifestyle maintenance, which must resemble the standard of living the family enjoyed during the marriage
  • Business valuation, including the company’s current financial standing
  • Prenups and postnups
  • Inventorying the marital estate, including defining communal and separate property
  • Accounting for additional funds, such as retirement accounts

Reaching out to a trusted legal professional is one of the best ways to resolve difficult issues in a complex divorce case. Call our legal team to schedule your free consultation and see how we can help with property division and other matters in your Columbus high-asset divorce.

Why Is Hiring a Lawyer Important in a High-Asset Divorce?

As in any divorce, Ohio courts attempt to distribute marital assets in a fair and equitable manner. This may not always mean that the estate is divided equally, which can cause a great deal of contention in high-asset divorce cases. With more money and assets at stake, each spouse may feel obligated to fight fiercely for their fair share. This can lead to a legal battle that drains each individual’s resources and turns out fruitless in the end.

When dealing with a complex divorce case such as a high net-worth divorce, hiring an experienced lawyer who understands Ohio law and knows how to get fast results is crucial. Our asset division attorney has over 20 years of experience, giving us the know-how to get your estate divided fairly. Call today to discuss the unique details of your divorce and see how we can help protect your hard-earned wealth.

Should You Hire Our High-Asset Divorce Attorney?

Choosing an attorney can be difficult, especially with the many options in the Columbus area. You need a legal representative with decades of experience helping families through complex divorces. Your attorney should care deeply about each client and be willing to fight for your rights during the divorce proceedings.

At Carpenter Family Law LLC, we have a clear understanding of the nuances of Ohio family law. We are also profoundly compassionate and are proud to work tirelessly for creative solutions in our divorce cases. Attorney Kendra Carpenter offers emotional and legal support to each client, giving the level of service you deserve rather than treating you as just another case number.

When you are going through a high net-worth divorce, you may worry about how the divorce proceedings will affect you and your loved ones in the future. We will stand by your side to ensure you have the financial support you need to enter the bright future of your dreams. Call now to schedule your free 30-minute phone consultation at 614-553-0260.