Gavel Insight

🏠 Dividing Real Estate in Ohio Divorce: A Comprehensive Guide Dividing marital assets is a crucial aspect of any divorce, and real estate often represents the most significant asset a couple owns. In Ohio, the process of dividing real estate during a divorce can be complex, involving various legal principles, valuation methods, and potential strategies. This article provides a factually accurate overview of how real estate is divided in Ohio divorces, offering practical advice, exploring potential claims, and outlining effective strategies. ⚖️ Ohio's Equitable Distribution Principle Ohio operates under the principle of equitable distribution, as codified in Ohio Revised Code Section 3105.171. This doesn't necessarily mean a 50/50 split. Instead, the court aims for a fair and just division of marital property. Marital property includes assets acquired during the marriage, regardless of whose name is on the title. Separate property, generally acquired before the m...

Understanding the Landscape of Real Estate Division in New Jersey Divorce 🏠 Dividing real estate is frequently one of the most contentious and complex aspects of a divorce, particularly in New Jersey. New Jersey is an equitable distribution state, meaning marital assets are divided fairly, but not necessarily equally. Understanding the legal framework and potential strategies is crucial for a successful outcome. Key Concepts: Separate vs. Marital Property ⚖️ Before diving into the division process, it's essential to differentiate between separate and marital property in New Jersey. Separate Property: This includes assets owned before the marriage, inheritances received during the marriage (if kept separate), and gifts received individually. Separate property generally isn't subject to equitable distribution. However, even separate property can become subject to equitable distribution if it is commingled with marital assets. Marital Property: Th...