Cleveland Asset Division Attorney
Martial, Seperate Property, and Divorce Lawyer
If you are getting a divorce you are naturally concerned about how your assets and liabilities will be divided. At Slive & Slive, our Cleveland asset division attorneys have more than 30 years of experience in divorce and property division. We can help you obtain your fair share of assets.
High Quality Solutions · Cost Effective Results
Contact Slive & Slive Today
At Slive & Slive Co., L.P.A. we have handled thousands of divorce cases involving division of assets. In Ohio, any marital property is divided equitably between the parties. This does not necessarily mean a 50-50 split. As your attorney, we would negotiate with the other party as to what assets are considered marital property and then what assets are to be yours. Assets that are negotiated include:
- Individual and joint bank accounts
- Investment portfolios, stocks, bonds and mutual funds
- Real estate
- Personal property
- Cars, furniture and antiques
- Pensions, 401(k)s, IRAs and other retirements funds
- Closely held businesses
Generally, marital property consists of assets acquired during the marriage. Nonmarital property, which is property acquired before or after a marriage or an inhertance received during the marriage, is not part of the asset division. Non-martial property also includes gifts or inheritances to an individual spouse. However, during the negotiation process, some assets owned before the marriage can be converted to marital assets and vice versa. The assets are then valued and the parties determine an equitable division of the assets. An experienced attorney from Slive & Slive can assist you in make these determinations.
Handling Marital Debt
The same is true for debt division, such as medical bills. Especially if there has been a foreclosure or bankruptcy, you can benefit from experienced guidance so that you do not pay more debt than what you really owe. We will help you understand the scope of your debt and your options regarding dividing the debt with your former spouse or filing for bankruptcy.
Once the court determines the division of assets and liabilities, the order is permanent and cannot be modified. That is why it is so crucial that you obtain an attorney with the proper knowledge about how assets and debts are valued and divided.
Contact Us
Seek experienced family law counsel when it comes to your assets and property. Contact a Ohio liability division lawyer today for a free initial consultation. Your phone calls will be returned promptly and your needs addressed in a timely manner. Our Cleveland offices offer Saturday morning appointments and we accept all major credit cards.