Mowery Youell & Galeano, Ltd.
Mowery Youell & Galeano, LTD. Attorneys at Law
485 Metro Place South, Suite 220 Dublin, OH 43017
Menu Contact
View Practice Areas

Assets must be disclosed in an Ohio divorce

When a couple in Ohio seeks to end their marriage in divorce, they must make a full disclosure of their financial status to each other and to the court. In fact, the financial disclosures must list all of the currently owned assets and income, in addition to any money that is to be gained from the sale of the asset are required. It is the sale of a high value asset that is at issue in one infamous divorce case on the west coast.

The divorce involves the former owner of the Dodgers MLB franchise and his ex-wife. At issue is the money that the husband gained when he sold the team and its related properties for an estimated $2.15 billion. The sale came just after he reached a settlement with his then-wife for what now seems to be a mere $131 million.

The ex-wife has told the court that she wishes to rescind the divorce agreement that was reached between the pair. She asserts that her ex failed to disclose the true value of the baseball team, thus leading her to believe that the martial estate of the spouses was worth only $300 million, well short of the couple billion dollars that were later received from the sale of the team alone. Now a court will determine if the husband fraudulently represented the value of the team.

In every divorce matter in Ohio, the spouses must disclose to exactly how much the assets that they gained during their marriage are worth. The opposing spouse then must do due diligence to determine of that asserted value is correct. It is yet to be determined if the wife in this case satisfied her due diligence, but readers may be interested in following the dispute and discovering how the California court ultimately handles the admittedly large scale discrepancy.

Source:, "Jamie McCourt Claims Foul Pitch in $131M Divorce," Susanna Kim, April 24, 2013

No Comments

Leave a comment
Comment Information

These honors are evidence of the quality of counsel we are known for:

Email Us Today

Contact Our Attorneys Advanced Employment Law For The Columbus Area, With Offices In Dublin

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

485 Metro Place South, Suite 220
Dublin, OH 43017

Toll Free: 888-401-2692
Phone: 614-467-4923
Fax: 614-760-8654
Dublin Law Office Map

Review Us
office pin
Back to top