How Is Property Divided During An Ohio Divorce?
In many ways, the division of property, assets and debts during divorce proceedings can shape your future. Turn to Mahaffey & Associates, LLC, the Ohio law firm that understands how important property division is to you and your future. We can discuss your overall financial situation as well as any concerns you have regarding property and then work toward a favorable result.
Property division hinges upon marital and nonmarital property. Most of the property will need to be assessed a value prior to division. Contact the Toledo property valuation lawyers at our firm to arrange a consultation. We have extensive knowledge of methods for dividing property in the best interests of our clients.
Separate Vs. Marital Property
Marital property is property that is owned by both spouses; separate property is property that is owned by just one spouse. Generally, marital property was acquired during the marriage, and separate property was acquired before the marriage or was kept separate during the marriage. In Ohio, marital property will be divided equitably. Marital asset division often involves property such as:
- Real estate property
- Boats and recreational vehicles
- Retirement and pension accounts
- Business interests
Real Estate And Property Division
With extensive real estate knowledge, attorney Mahaffey provides concise and experienced guidance when clients are going through a divorce and are splitting up real estate property. In addition to direction regarding property valuation, he can provide advice about refinancing and removing one party’s name off the mortgage. He can also talk to you about the advantages or disadvantages of either action.
Contact Our Toledo, Ohio, Property Valuation Attorneys
We offer free initial phone consultations so you can talk with a lawyer from our firm without cost or obligation. Call us at 419-719-5086 or contact us online. We accept all major credit cards and can meet clients at offices in Sylvania, Toledo or Northwood.