Best Family Law Attorneys in Marion, OH

Do you know what factors are considered in property division? Getting a divorce can sometimes lead to a division of assets, including property. It is important to understand what is considered in property division so you can keep your assets and heirlooms safe. The factors considered in property division are liabilities and assets of each spouse, length of the marriage, the tax implications of property division for each spouse, any premarital agreements made concerning property, and retirement benefits of each spouse. It is not uncommon for divorce to require the division of real property such as the family home, jewelry, and rental property. Stock dividends, debts, and retirement benefits must also be divided, these are the most common examples of intangible property. Courts in Ohio treat intangible property the same way they treat any other property. In the example of marital debts, the judge will determine if the debt is considered marital or separate before assigning debt. The factors considered in property division (listed above) will help to determine who should be responsible for each liability. A divorce can be a stressful time, but a knowledgeable and experienced lawyer will have your best interest in mind when working on your case. Consulting a divorce lawyer will help you to further understand the intricate details and how to protect your assets. Call Woodford Sathappan Mc Gee today!