Divorce is a challenging process that often involves dividing assets between the separating couple. When it comes to high-asset divorces, the emotional toll of property division can be particularly intense. The distribution of assets can trigger a range of emotions, from anger and resentment to sadness and anxiety. Those going through a high-asset divorce should understand and prepare for the potential emotional impact of property division. Loss and resentment One of the primary emotions that individuals may experience during property division is a sense of loss. Divorce itself can already fee ..read more

Divorces involving high-profile individuals with substantial assets often attract significant attention. Unfortunately, this can complicate an already challenging situation. It is important for people in this position to understand how to handle publicity during a high-profile, high-asset divorce. Media attention In the midst of a high-profile divorce, it is essential to refrain from making public statements or engaging with the media. Speaking out publicly can potentially harm your case and lead to unwanted attention. Emphasize the importance of confidentiality throughout the divorce process ..read more

Divorce, a challenging life event, can have significant effects on a family business. When couples decide to separate, it often creates ripples that extend beyond their personal lives, affecting the stability and success of the business they have built together. If you own a business with your spouse, understanding these concerns will help you get through them more smoothly. 1. Strained relationships The tension of a divorce often causes conflicts between family members, which can spill over into the business environment. When owners are going through a divorce, their ability to communicate ef ..read more

When you decide to end your marriage, you may have many concerns. One of these concerns is likely how your children will react to and cope with the news of your divorce. Telling your children about your divorce is a delicate and challenging task. Approaching the conversation with care and sensitivity can help minimize their distress and confusion. Be honest and age-appropriate Be honest with your children about the divorce, but also consider their age and level of understanding. Use simple language and concepts that they can grasp and avoid sharing unnecessary details or placing blame on eithe ..read more

It is normal to expect children to contribute to the household through age-appropriate chores. This helps them learn life skills and develop a sense of responsibility. However, there are cases where this contribution crosses the line to foisting parental and adult responsibilities on children. This is an occurrence called parentification and can have serious short- and long-term consequences for children. What counts as parentification? Parentification is when children step into emotional and/or physical parental roles. This may mean taking on all household duties, such as cleaning, cooking an ..read more

Losing your professional license can be a devastating consequence of failing to pay child support, especially for people with a high net worth. Professional licenses are necessary for many careers, including doctors, lawyers, real estate agents and more. When child support payments are not made, the legal system can take action that puts your livelihood at risk. Child support and license revocation For those unfamiliar with the term, child support refers to the ongoing financial contribution made by a non-custodial parent to support their child’s upbringing. According to the Mahoning County Co ..read more

Child custody battles can be emotionally challenging. This is especially true when one parent denies the other their rightful parenting time. Parents getting a divorce should understand the different types of child custody arrangements and how to navigate the difficult situation of denied parenting time. Child custody arrangements Child custody refers to the legal and practical arrangements made for the care and upbringing of a child after a divorce or separation. There are two primary types of custody: physical custody and legal custody. Physical custody determines where the child will live ..read more

When it comes to ending a marital union, two commonly used terms are divorce and dissolution of marriage. While both may signify the end of a marriage, they differ in significant ways. Grounds for separation According to the CDC, 689,308 divorces occurred in 2021. However, the first step in a divorce is the establishment of grounds for the dissolution. One party needs to prove that there was a specific reason for the marriage breakdown, such as infidelity or cruelty. A dissolution of marriage does not require the identification of specific grounds. The focus is more on the mutual agreement of ..read more

Child support payments are not always set in stone. In Ohio, support modifications are permissible under specific circumstances. To prepare yourself for this possibility it is important to be aware of the conditions which may require you to increase your child support. Initial child support determination Child support obligations are typically established during divorce or separation proceedings. The basis for payment includes various factors, such as income, number of children and healthcare expenses. You can receive an estimate of your obligations using the state’s calculator. Once a child s ..read more

When a sole proprietor contemplates the prospect of divorce, a wave of uncertainties may flood their thoughts. Among the concerns that arise, the fate of the business is a significant one. In Ohio, marital dissolution involves considerations that extend beyond personal matters, as the business entity becomes entangled in the legal process. Business structure matters The structure of the business plays a key role in determining the extent to which divorce proceedings affect it. A sole proprietorship, being a business owned and operated by a single individual, is directly linked to its owner. Un ..read more