Delaware Property Division Lawyers
Serving the greater Columbus, Franklin county and Central Ohio areas.
Schedule a consultationProperty Division Lawyers in Delaware, Ohio Handling the Division of Property with Grace
Property Division attorney specialists with OVER 63 YEARS of experience.
Property division in a divorce can often be a complex and challenging issue, requiring careful consideration of the assets accumulated throughout the marriage. At Lawrence Law Office, we understand the intricacies involved in equitable distribution under Ohio’s law.
Our team of experienced property division lawyers in Delaware is dedicated to helping our clients navigate through the process. We possess the legal experience and negotiation skills necessary to ensure a fair distribution of assets, whether they are acquired individually or jointly.
We recognize that certain situations may introduce additional complexities. For instance, we are well-equipped to handle cases involving high-value assets, business ownership, or retirement accounts. Our goal is to protect your financial future and advocate for what is rightfully yours.
At Lawrence Law Office, we take pride in providing compassionate guidance for all family law matters, including the division of property. We invite you to reach out to our firm today at 614-820-1195 to schedule a free consultation with our skilled team. Let us assist you in finding the best possible resolution for your unique situation.
How is Property Divided in a Divorce in Delaware, Ohio?
In Delaware, Ohio, the equitable distribution model is followed for dividing marital property. Under this model, assets and liabilities acquired during the marriage are divided fairly between both parties through negotiation or court order, taking into consideration various factors such as the duration of the marriage, each party’s contribution, and the financial needs of each spouse.
When it comes to property division, all assets accumulated during the marriage are generally subject to division. This includes real estate properties, vehicles, retirement accounts, bank accounts, investments, and more. However, it’s important to note that separate property, such as inherited assets or gifts received by either spouse, is typically excluded from the division process.
How are Property Division Disputes Resolved?
Property division disputes often arise due to disagreements concerning the value of certain assets or in cases where one spouse believes that the other has not been completely honest about marital property. In such situations, both parties may benefit from hiring an experienced attorney for advice and legal representation. There are generally three dispute resolution methods couples can use to overcome property division disputes:
Mediation
Mediation is a highly effective method of resolving property division disputes outside of the courtroom. This process involves a neutral third party, the mediator, whose role is to foster constructive communication between both parties, assisting in identifying common grounds and fostering compromise. The mediator does not make any decisions but rather promotes mutual understanding and negotiation to reach a mutually agreed outcome. Mediation not only provides a more private and less adversarial method for settling disputes, but it also gives the spouses control over the outcome. However, mediation isn’t for everyone. For example, contested divorces often skip this step as conflicts and disputes are too contentious to meet in the middle.
Arbitration
Arbitration, a powerful alternative to resolve property division issues. It involves both parties agreeing to a neutral arbitrator’s decision. Unlike a mediator, the arbitrator listens to arguments and evidence, delivering a binding and enforceable decision. Experience a quick and cost-effective solution for property division disagreements.
Litigation
When parties reach an impasse in mediation or arbitration, the path to resolution may lead to the courtroom. Litigation, while more time-consuming and emotionally taxing, becomes necessary when parties cannot settle on their own. Here, a judge will carefully review the case, consider the compelling arguments put forth by each party, and ultimately render a ruling based on the provisions of the law.
What Makes Property Division Cases Complex for High-Asset Divorces?
High-asset divorces bring with them a unique set of challenges when it comes to property division. With a more extensive and varied portfolio of assets, the process becomes more intricate and demanding. One of the primary difficulties arises from accurately identifying and valuing these diverse assets, which may include real estate, business holdings, international investments, stocks, bonds, retirement accounts, and various forms of personal property.
Valuation itself can be a complex task, often requiring the expertise of financial professionals. Such assets, particularly business interests, and investments, may fluctuate in value over time, making it crucial to assess the correct timing for valuation.
Another challenge is the classification of property. High-asset individuals often have intricate financial arrangements that blur the lines between separate and marital property. For example, a spouse may have made significant contributions to the other’s pre-existing business during the marriage, making it difficult to determine the marital portion of the business’s value.
We specialize in helping all types of clients, including high-net-worth individuals, through the division of property and ensure that all assets and liabilities are accounted for in the divorce settlement.
How Can a Property Division Lawyer in Delaware Help Me?
An experienced property division lawyer can help you determine the value of your assets and liabilities, as well as advise you on what may be considered separate versus marital property. A qualified attorney will also explain your rights and options, helping you achieve a fair outcome for your unique situation.
At Lawrence Law Office, we understand the complexities of the division of property cases and strive to resolve such matters in the most efficient and amicable manner possible. Our legal team also provides comprehensive legal guidance throughout all stages of the divorce process, from filing to final resolution.
Other Practice Areas
- Family Law
- Paternity
- Prenuptial Agreements
- Stepparent Adoption
- Adoption
- Grandparent Visitation Rights
- Mediation
- Divorce
- Spousal Support
- Equitable Distribution
- Military Divorce
- Social Media in Divorce
- Dissolution
- Contempt & Enforcement
- Post Divorce
- Relocation
- Delaware Business Owner Divorce Lawyers
- Business Owners Divorce
- Tax issues
- Child Custody
- Grandparent Rights
- Same-Sex Couples Child Custody
- High Asset Divorce
- Retirement Assets
- Estate Planning
Client Review
The place to go.
Lawrence Law Office is the place to go if you need expert and experienced legal counsel. Very knowledgeable about the court system. Been around along time. I highly recommend them!
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If you’re ready to settle your property division, contact the Lawrence Law Office today at 614-820-1195 to get started!
