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.
Property division is one of the most contentious issues in many divorce cases. Readers in Ohio may be interested to learn of the rules regarding property division in a divorce in another state. Those the specific rules of the other state do not necessarily apply in divorces in our state, they do shed light on how some view property division settlements.