Ohio Family Lawyer's Guide to Real Estate Division in Divorce: Strategies, Claims, and Practical Advice
Understanding Real Estate Division in Ohio Divorce Cases 🏠 Equitable Distribution in Ohio Ohio follows the principle of equitable distribution, meaning that marital property is divided fairly, though not always equally. Courts consider various factors, including each spouse’s financial situation, contributions to the property, and future earning potential. 🔹 Marital vs. Separate Property - Marital property includes assets acquired during the marriage, regardless of whose name is on the title. - Separate property consists of assets owned before marriage, inheritances, gifts, or property excluded by a valid prenuptial agreement. ⚖️ Key Court Considerations Judges evaluate factors such as: - The duration of the marriage. - Economic disparities between spouses. - Custodial arrangements for children. Strategies for Protecting Your Real Estate Interests 💡 Negotiation Before Litigation Attempting to reach a fair settlement outside of court through mediation or col...