How do international assets complicate high-asset divorces?
Treneff Cozza Law, LLC Blog
by bkabritsor
2w ago
High-asset divorces involve many complications, especially when they include international assets. Property, investments, or bank accounts in different countries create unique challenges during a divorce. Jurisdictional issues International assets complicate high-asset divorces due to jurisdictional issues. Different countries enforce different laws about dividing marital property. Determining which country controls certain assets can be tough, especially when both spouses hold citizenship… The post How do international assets complicate high-asset divorces? first appeared on Treneff Cozza Law ..read more
Visit website
Do couples have to divide debts as well as assets?
Treneff Cozza Law, LLC Blog
by bkabritsor
3w ago
When going through a divorce, people tend to focus on asset division. However, it’s equally important to consider how to handle debts.  Understanding how debt division works can help a couple prepare for this aspect of the divorce process and work towards a fair outcome. Does Ohio divide marital debt? In Ohio, the assets and debts a couple acquires during… The post Do couples have to divide debts as well as assets? first appeared on Treneff Cozza Law, LLC ..read more
Visit website
What is a silent or invisible divorce?
Treneff Cozza Law, LLC Blog
by bkabritsor
3M ago
Sometimes, marriages can fall apart quietly. Known as silent or invisible divorces, these situations occur when couples remain legally married but live separate lives emotionally and physically. This can be just as challenging as a formal divorce, if not more so.  If your relationship is struggling, you may find it helpful to understand what a silent divorce is. Causes and… The post What is a silent or invisible divorce? first appeared on Treneff Cozza Law, LLC ..read more
Visit website
Understanding spousal support in Ohio: when does an ex-spouse qualify?
Treneff Cozza Law, LLC Blog
by bkabritsor
4M ago
In Ohio, spousal support (also known as alimony) is money that a court may order one spouse to pay to the other after they divorce. This support is meant to help a spouse who relied on the other financially during the marriage. Here’s a clear breakdown of when spousal support might apply in Ohio: Length of marriage matters One of the key factors considered in determining spousal support in Ohio is the duration of the marriage. In general, longer marriages are more likely to lead to spousal support awards, especially if one spouse earned significantly less, took care of children or managed the ..read more
Visit website
Post-divorce financial planning tips
Treneff Cozza Law, LLC Blog
by bkabritsor
6M ago
Going through a divorce can be challenging, especially when it comes to managing your finances. After a divorce, you need to plan for your future financial stability. Create a new budget Divorce significantly impacted the finances of the 989,518 couples who divorced in 2022. Therefore, after your divorce, create a new budget based on your individual financial situation. Account for income, expenses and debts. Learn where your money goes and how you can better manage it. Update your financial accounts After divorce, update your financial accounts to reflect your new status. This includes bank a ..read more
Visit website
What is an effective communication style for dealing with your ex?
Treneff Cozza Law, LLC Blog
by bkabritsor
7M ago
Trying to communicate with an ex-partner can be difficult but unavoidable. A couple may have been together for a long time and have various matters that require them to converse. In such circumstances, adopting effective communication styles can make these interactions smoother and more productive. Making clear and direct expressions When talking to an ex, clear and direct language can prevent misunderstandings. A person must learn to be straightforward without being rude or harsh. For example, someone who needs to exchange belongings with an ex should specify which items they need back and wh ..read more
Visit website
Is there an obligation for a divorced parent to help a child pay for college?
Treneff Cozza Law, LLC Blog
by bkabritsor
9M ago
In Ohio, the question of whether divorced parents have the legal obligation to contribute to their child’s college expenses is a topic of considerable debate and scrutiny. Divorce settlements do typically include provisions for child support. However, the matter becomes more complex when it comes to financing higher education. No explicit law in Ohio requires divorced parents to pay for their child’s college education, but several court rulings have led to precedents. Courts do occasionally order parents to contribute to college expenses. Child support laws Ohio law mandates that parents provi ..read more
Visit website
Mistakes to avoid during high-asset divorces
Treneff Cozza Law, LLC Blog
by bkabritsor
9M ago
Divorce is undoubtedly a challenging process, and when it involves substantial assets, navigating it becomes even more delicate. Approach high-asset divorces with a strategic mindset to protect your financial well-being. Neglecting financial documentation In 2022, 989,58 married women experienced a divorce. Those with significant assets had unique challenges and common mistakes. One of the biggest mistakes individuals make during high-asset divorces is failing to gather and organize financial documents. Therefore, create comprehensive records of your assets, liabilities and income sources. Emo ..read more
Visit website
How can I get a divorce in Ohio if I got married overseas?
Treneff Cozza Law, LLC Blog
by bkabritsor
11M ago
The requirements for divorce in Ohio stipulate that the couple must have lived in Ohio for at least six months. U.S. courts will not extradite someone from a foreign country simply to attend an initial divorce hearing. Additionally, the couple must have lived apart for at least one year before a divorce will succeed on the grounds of incompatibility. Filing for divorce after an overseas marriage If a couple marries overseas and then moves to Ohio, they may still be able to file for divorce in Ohio as long as one of the parties meets the above residency requirement. However, in some cases, they ..read more
Visit website
Are my retirement accounts and investments considered marital property during divorce?
Treneff Cozza Law, LLC Blog
by bkabritsor
11M ago
Divorce can be a complex and emotionally challenging process, and one of the key aspects that often comes into play is the division of assets. For many people, retirement accounts and investments are key components of their asset profile. Protecting your investments is likely a high priority as you head into the divorce process. The question that might remain is whether these retirement accounts and similar long-term investments are marital property subject to division during your divorce. Understanding marital property Marital property typically includes assets acquired during the course of t ..read more
Visit website

Follow Treneff Cozza Law, LLC Blog on FeedSpot

Continue with Google
Continue with Apple
OR