At Garretson & Holcomb, LLC, we understand how challenging the divorce process can be—that’s why we dedicate ourselves to serving each client with the compassion and support they need. a
As an equitable distribution state, Ohio seeks to divide property equitably rather than by title. Behind this is the presumption that each party has contributed equally to the amassing of wealth, and that assets accumulated during marriage may be subject to equal distribution in divorce. High asset divorces present unique challenges in terms of asset valuation and evidence. In the case of prenuptial agreements, both agreement terms and the circumstances surrounding its execution can be subject to challenge.
Marital estate division can be more contentious when disputes exist about both the value of large assets and their designation as separately owned or subject to distribution. Easily valuated assets like a house or a profit-sharing plan don’t pose many problems. But assets like commercial real estate, stock options, restricted stock, golden parachute plans, and non-qualified retirement plans can complicate a case very quickly.
These cases often involve selecting a variety of experts—including accountants, business valuators, real estate appraisers—who can play critical roles in the case and to the outcome.
Cases like evaluating the full-time contribution of a spouse during a marriage into a business established pre-marriage can get into gray areas that necessitate interpretation by deeply qualified attorneys. Business valuation also inevitably involves estimating business income as a source of child and/or spousal support.
Together, we will work to build you a solid foundation so that you can start the next chapter of your life with confidence.
Understanding Divorce in Ohio
To begin the divorce process, the spouse who is pursuing the divorce must file a complaint, at which time the other spouse will be served divorce documents. Upon being served with the divorce, the other spouse will respond by filing an Answer. Most divorce cases do settle but, until that time, the case continues through the court process with the judge ordering discovery (the exchange of financial and other documents), valuations, settlement meeting, and other steps.
Although the case can be completed at virtually anytime the parties reach an agreement, divorce can be contentious and it usually takes several weeks or months to complete.
Legal Guidance You Can Trust
The experienced legal team at Garretson & Holcomb, LLC recognize how difficult the divorce process can be. We are prepared to assist you with any aspect of the divorce process, from navigating a high-asset divorce to negotiation the division of property, assets, or a shared business. When you meet with us, we will listen carefully to your concerns and goals so that we can develop the best strategy for helping you secure a successful outcome. We will discuss all of your legal options so that you can feel confident with each step of the process. Our top priority is making sure you feel supported as we work towards building you a brighter future.