Going through a divorce is a challenging and emotional time. When considering divorce in Ohio, it's essential to have a clear understanding of the process and the necessary steps involved. Initiating the divorce process in Ohio can be overwhelming, but understanding the necessary steps and seeking legal advice can help you navigate the complexities of the legal system.  

Understanding Ohio Divorce Laws

Before embarking on the divorce process, it's crucial to familiarize yourself with Ohio's divorce laws. These laws govern the dissolution of marriages and address various aspects, such as child custody, property division, and spousal support. Consulting with an experienced family law attorney is highly recommended to ensure you understand your rights and responsibilities throughout the divorce process.

Ohio’s Residency Requirements for Divorce

To file for divorce in Ohio, you must meet the state's residency requirements. At least one of the spouses must have lived in Ohio for at least six months before filing for divorce. Additionally, the divorce must be filed in the county where either spouse resides. If you and your spouse have recently moved to Ohio or are unsure about meeting the residency criteria, consulting with a divorce attorney can provide clarity.

Traditionally, in the past, when a couple married, whatever assets they each brought to the marriage and whatever assets they amassed together were typically shared. If the couple divorced, then the court would make the final decision on how those assets would be distributed between the two spouses.

Today, many couples execute prenuptial agreements (or in some cases postnuptial agreements), and/or they keep the majority of their assets separate. This usually makes the division of assets fairly straightforward in the event the couple divorce. But even with prenups and separate financial accounts, there are still many couples who choose the traditional route of commingling assets. How does Ohio law address those divorces, especially if the couple has a high net worth?

Equitable Distribution Method

Under Ohio law, the marital estate is distributed according to the equitable distribution method. Keep in mind, however, that equitable does not necessarily mean equal, as is the case in states that use the community property method that divides the marital estate in half. The court’s goal of equitable distribution is to ensure the couple’s assets are divided fairly, and fairly does not always mean equally. Some of the factors the judge will consider include:

In most divorces, property division is a matter of two honest people trying to unwind a set of shared assets. There may be contentious issues, but people usually play by the rules. Unfortunately, this is not always the case. There are times when one spouse attempts to conceal assets from the other in order to keep them for themselves rather than divide them up in the divorce. In these situations it can be helpful for the other spouse to understand some common strategies for finding hidden assets, so that they can be on the lookout for them. These strategies tend to be about cash flow manipulation, and they fall into two basic categories. Spouses hide assets either by concealing their income or making their expenses look bigger.

Concealing Income

Income concealment is when a spouse makes it appear as though they have less money coming in than they actually do. There are a number of ways that they can do this. One common method is through coordination with their employer. For instance, a spouse due for a raise or a bonus can talk to their boss and attempt to defer payment until after the divorce process ends. At that point, since the two are no longer married, that spouse gets to keep all the extra income for themselves.

Spouses can also use policies provided by the IRS to conceal some income. The IRS allows people to have their tax refunds deposited into an individual account, even if the refund is from a joint tax return. Spouses looking to hide these assets may take advantage of this to hide the refund in an account under their own name.

During the divorce process, a couple will need to address ownership of multiple types of marital assets. The equitable division of marital property will provide both spouses with a fair share of the money and assets they acquired during their marriage. While the division of some types of assets may be straightforward, other types of property can present complications, and spouses may encounter contentious disputes as they address these issues. Family businesses are one type of asset that can sometimes be difficult to address, but by understanding their rights and options, spouses can make decisions that will provide them with the financial resources they need going forward.

Is a Business Considered Marital or Separate Property?

A family business will be part of the marital estate if it was founded or acquired while a couple was married. In these cases, business assets will need to be considered alongside other marital assets and debts. If a business was owned by one spouse before the couple was married, it will usually be considered separate property, and that spouse will be able to maintain sole ownership of business assets. However, a business owned by one spouse may become commingled with other marital property, such as if the couple invested marital funds in the business. A spouse will be able to maintain ownership of any business assets that can be traced back to separate property, but other business assets may need to be divided between the spouses.

Options for Dividing Business Assets

In many cases, one or both spouses may wish to ensure that a family business can continue operating, especially if the business is the primary source of income for either spouse. Spouses may be able to address ownership of a business through one of the following options:

Nearly everyone who goes through a divorce will have some concerns about their ability to provide for themselves once their marriage has been terminated. However, this can be an even larger worry if you are a stay-at-home parent. If you have chosen to put raising your children ahead of your career, this may have made you financially dependent on the income earned by your spouse, and depending on how long you have been out of the workforce, you may struggle to find and maintain employment following your divorce. In this type of situation, you will likely be wondering whether you can receive spousal support that will allow you to meet your needs and provide for your family.

Addressing Spousal Support in an Ohio Divorce

There is no guarantee that spousal support will be awarded to a spouse during the divorce process. These situations are handled on a case-by-case basis, so if you believe that you need financial support from your spouse, you will need to demonstrate that this support is needed and that your spouse has the ability to provide you with spousal support. When determining whether spousal support is appropriate, a judge will consider factors such as:

• The income of both spouses, including any income earned through marital property allocated to a spouse during divorce

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