Frequently Asked Questions For Your Convenience
Many people don’t understand their options and are unsure how to move forward. Zachary D. Smith, LLC, is here to provide answers to your questions. We have worked with clients throughout Ohio and Kentucky. We deliver the information our clients need make the right decisions. Look through the questions below and call our office to discuss your case at 513-275-1164 today. You can also fill out our inquiry form. We have offices in Cincinnati, Montgomery and Crescent Springs, Kentucky.
How are assets divided in Ohio?
We are an equitable distribution state. This means that all assets will be split fairly, which is not necessary 50/50. There are a number of factors taken into consideration such as your age, the length of the marriage and each partner’s earning capacity. As your attorneys at Zachary D. Smith, LLC, we will do everything we can to fight for what is rightfully yours.
How do multiple revenue streams impact my divorce?
Revenue streams can be considered in the division of property and support orders. Revenue from an asset is typically excepted from support consideration but can impact the value of the asset in terms of the division of property. Understanding and properly evaluating these income streams is critical to making the right decisions. We can discuss your options with you.
Why is accurate valuation critical?
You must first understand the value of each asset before you can divide it. An experienced attorney will understand the arguments that will increase and/or decrease the value of a particular asset. Experience and relationships – access to valuation professionals – are critical to obtaining the right value. Achieving the right value for your position comes with planning and hard work. Do not go it alone. Call us before you endeavor to assign a value to any asset.
Is a business subject to asset division if I built it from the ground up?
This is one of the more complicated questions that will be addressed in any divorce. Does the business have value? Is the business merely a job? Was the business started before the marriage and, if so, what was the value then? Are you the owner of a family business that was strategically gifted to you over time? Understanding the value of a business – as it relates to the divorce – is one of the more challenging parts of any case. It is important that you consult an experienced attorney before determining the value of any business interest.
Will my divorce go to trial because it is so complex?
Each case is different. Our priority is always to resolve things efficiently and with as little disruption as possible. This process is about managing risk. When that can’t be done, we are not afraid to take things to court. We will continuously do what is right for each client, no matter what that path looks like.
Find Out How We Can Help
In your time of need, you deserve an attorney who has the training, experience and dedication to achieve a successful outcome. Contact us today at 513-275-1164 or by submitting the form below. We will get back to you promptly. We are happy to consult with you via phone, video conferencing or in-person at one of our convenient office locations at a time that works best for you.