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Division of Assets

Division of Assets Attorney in Columbus

Working to Protect Your Best Interests

One of the most contested aspects of any divorce is how the couple’s various shared assets will be divided. Like most states, Ohio follows the rule of marital vs. separate property. Generally speaking, marital property is any assets, debts, real property, etc. that was obtained by either spouse during the course of the marriage. This marital property is then divided between the two divorcing spouses.

Having a Columbus division of assets attorney on your side during the divorce process can help ensure that your rights are protected. While assets are not always divided equally, our firm can work to make sure they are divided fairly so that your best interests are secure. At The Law Office of Dmitriy Borshchak, we have extensive experience helping individuals navigate the divorce process. No matter how complex your case may be, you can rely on our team for compassionate, methodical legal assistance and uncompromising representation every step of the way.

Contact The Law Office of Dmitriy Borshchak at (614) 344-6965 today to get started with a free, initial case evaluation.

Marital vs. Separate Assets in Ohio

Ohio law states that any assets acquired from the date of marriage to the date of termination (or, in some cases, date of separation) are considered “marital property.” These assets are all divided in a manner that is determined “equitable,” though this does not always mean exactly 50/50. In contrast, “separate property,” or non-marital property, is not typically divided between divorcing spouses.

Separate property in Ohio is an asset that falls under one of the following categories:

  • Any assets/property owned by one spouse before the marriage
  • An inheritance obtained by only one spouse
  • Any gift made to only one spouse
  • Personal injury compensation acquired by one spouse for pain and suffering

For example, if you owned a house before marrying your spouse, that is considered separate property. However, the issue of marital vs. separate property can quickly become complicated. If, for instance, you sold a house that you owned before marriage and then used the money from the sale for a down payment on a marital home, you will likely be awarded the pre-marital portion of the down payment from the equity in your current shared residence. However, it can be difficult to prove the amount of existing equity in the house at the time you were married. Because of such complexities, it’s wise to seek out a skilled division of assets attorney in Columbus who can help you work to protect your assets.

How Are Assets Divided in Ohio?

Marital assets are often divided in a way that the court deems fair. This does not always mean exactly equal. Instead, the court looks at a number of factors when determining how assets will be divided.

The court may divide marital assets in any of the following ways:

  • In proportion to income
  • Debt assignment to account owner
  • Debt assignment to the party that incurred the debts
  • Equally

The court may also divide assets in an unequal manner if it determines that one of the spouses committed financial misconduct. This can include the purchase of illegal substances/drugs, significant loss due to gambling, hiding assets during divorce proceedings, or using substantial amounts of money in an affair.

Need assistance from a Columbus division of assets attorney? Discuss your case with us today! Call (614) 344-6965 for a free case evaluation.

Hear From Past
Families We've Helped

  • You're a great attorney

    “I want to tell you no matter what happens, you're a great attorney and will have a long successful career.”

    Former Client

  • He was able to get me the best possible settlement with my divorce/custody.

    “From the moment he took my case his advice was sound and he responded promptly to inquiries and concerns. His knowledge for the law is astounding. He's articulate, professional, and always prepared. I would highly recommend him.”

    Holly

  • The attorney you need on your side.

    “He was able to get me the very best custody arrangement given the circumstances he had to overcome. Beyond that, he truly cared. I knew I was never just another case, but he was concerned about what was best for my children and I.”

    Carrie

  • Thank you again for the phenomenal service

    “Dmitriy, I want to thank you for your outstanding service. I am so appreciative that you were in court to settle my case. You were always there to explain the steps along the way and answer all questions to the fullest. Thank you again for the phenomenal service.”

    Former Client

  • He was very prompt with his responses and it was apparent that he did everything in his power to assist my beneficence.

    “Dmitriy was very helpful and knowledgeable. I felt as if my opinions were taken into consideration when proceeding with my case. He made sure to keep me in the loop in a way that I was able to understand. I highly recommend hiring him!”

    Grace

Ceiling Lamp A Firm Who Understands
What You're Going Through

Family law issues can be hard to navigate on your own, especially without the necessary legal insight. Retain sound advice from an attorney who has been in your shoes.

Start Your Case Today

Why Choose Our Firm? We Treat Our Clients Like Family, Not Case Numbers.

  • We Offer a No Cost Consultation, Including a Free Case Evaluation.
  • We Approach Every Case in a Methodical and Strategic Manner.
  • We Have Gone Through Your Situation and Understand What You'ref Going Through.
  • Our Team Works Together in Order to Take the Stress off of Your Shoulders.
  • To Meet Your Financial Needs, There Are a Number of Payment Plans Available.
  • Our Attorneys Are Honest and Will Explain All of Your Options to You.