In cases that do not involve significant assets, a business or professional practices, a divorce may be resolved relatively simply. However, other cases require a far greater level of skill and expertise due to more complicated issues such as contentious custody battles, joint business ownership or high net worth of one or both spouses. Paul R. Panico has dedicated his career to handling Ohio family law cases and is adept at handling complex divorce cases. He represents clients throughout central Ohio, including Columbus and the surrounding areas.
Some divorces involve a high level of conflict or complicated financial matters. At Paul R. Panico, we have the experience and knowledge to work through complex financial issues with our clients. We will work collaboratively with our clients to analyze and evaluate your financial and business assets to formulate a strategy to best protect your assets.
Through a careful valuation of your assets, we will develop a customized plan based on current Ohio law to help protect your financial security. Paul has a deep understanding of intricate financial issues and a network of financial experts to help make a case for retaining your hard-earned assets.
In Ohio, the focus for dividing marital property is an equitable division of assets. Importantly, the equitable division does not mean that the assets are split equally; instead, the focus is on a fair division. There are two categories of assets to be divided: marital property and separate property. Marital property includes all property acquired during the marriage. Separate property is that which a spouse acquitted before marriage, or any gifts, inheritances or personal injury awards.
If the parties cannot come to an agreement on how to divide their assets, a judge will start with the presumption that all marital property will be split equally between the spouses. Next, the court will weigh several factors to make an equitable distribution of assets. The judge may consider a number of factors, such as the liquidity of the assets, tax consequences, any debt or liabilities of the marriage, the length of the marriage, the right of one spouse to live in a family home with the children, retirement benefits and any other factors that would affect the fairness of the division.
Paul Panico and his team can work with you to help you value and identify assets, and to make an argument for why a particular asset should be considered separate rather than marital property. We'll give you an honest assessment of your case and the likelihood of winning in court, and will help to achieve a fair settlement with your spouse on how the assets should be divided. If necessary, we'll aggressively litigate the case in court, presenting testimony from expert witnesses to protect your assets from an inequitable distribution.
If your divorce involves business assets, investment funds, real estate, a professional practice, stock options or any other complicated financial issue, trust our team to handle your case with both compassion and skill. From valuing your assets to forming a strategy to protect your assets, our firm will work to achieve the best possible outcome for your complex divorce. To learn more about how we can help you, contact our Columbus office today to schedule a free initial consultation.