Cleveland Attorney: Property Division
The financial aspects of your divorce — including property division, alimony and child support — may determine your economic standing in the years to come. It is important to work with a lawyer who has extensive experience handling divorce cases. The process of equitable division of marital assets and debts is rarely as straightforward as it seems. In order to protect yourself, you should discuss your overall financial situation with an attorney before making any agreement with your spouse.
Equitable distribution of marital asset and debt
I have been handling complex property division for over 30 years. As your lawyer, I will discuss economic issues such as tax liability and the benefits of various arrangements regarding retirement accounts and real estate. I will also help you determine how to weigh emotional issues, such as the value you place on your ability to stay in your home. Important, sometimes complex, elements of the case include the accurate classification of marital and nonmarital assets and valuation of pension or retirement funds and business interests.
Separate property, such as a home that one spouse brought to the marriage or stock acquired as an inheritance or individual gift must be carefully examined to see if appreciation in home equity or the value of the securities should be considered a marital or separate asset.
Alimony (spousal support) in Ohio
The court may award alimony as part of your divorce settlement. The amount of these spousal support payments will be based on factors such as the length of the marriage, each spouse's earning power and education, disability and contributions one party made as a homemaker or in a small business. I make sure that you are treated fairly during alimony proceedings.
If you would like to discuss representation, please call (216) 881-7939 or e-mail my firm to arrange a consultation. I represent clients in family courts in Cuyahoga County, Geauga County, Lake County, Lorain County, Summit County, Medina County and Portage County, Ohio. My office is conveniently located in the heart of Cleveland, in the historic Brownhoist Building on St. Clair Avenue.
Attorney Laurence A. Turbow
