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Mowery Youell & Galeano, LTD. Attorneys at Law
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Ohio property division includes negotiations and compromise

Going through a divorce in Ohio means discussing many issues with a soon-to-be former spouse. These include the property division that must occur when a marriage ends. In many cases, these negotiations can become contentious when spouses disagree about who should own what asset after the divorce.

In one recent report that likely could interest our readers, an author noted that the value of an asset could fluctuate, even as a couple goes through the property division process. For example, a family home may not sell for the amount that it was appraised at or investments could fall rapidly due to fluctuations in the stock market. To avoid such issues, the author recommends planning before agreeing to terms in a divorce.

In addition, it may be helpful for people in Ohio to complete a full review of their financial documents before they enter into the divorce negotiations. This review should include all aspects of a couple's financial life such as real estate, investments, savings and investment accounts. By getting detailed information a person can work to ensure that they can agree to the best possible settlement during a divorce.

Ending a marriage in divorce is never an easy decision for people in our state. However, when it becomes necessary, there are ways to ensure that a good outcome occurs as to the financial agreements. This is especially important due to the need to obtain a positive property division that can help a person as they enter into their newly single life.

Source: Ellwood City News, "Financial Concerns During a Divorce," Robert A. Powell, May 2, 2013

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