Articles on divorce
The law views marriage as an economic partnership which must be dismantled by the conclusion of the divorce action. articles on divorce Divorce ohio. The analogy often used is a that of a corporation undergoing bankruptcy and its assets being distributed to creditors. a. The parties must exchange a STATEMENT OF NET WORTH, essentially personal financial statements,together with current paycheck stubs and recent federal and state income tax returns. articles on divorce Articles on divorce. b. Parties may be served with NOTICE OF DISCOVERY AND INSPECTION which requires the production of original financial records. c. articles on divorce Articles on divorce. Parties may be served with INTERROGATORIES which are written questions on finances that require sworn responses. d. The parties may be questioned at a DEPOSITION (examination before trial) under oath with a court reporter recording the proceeding. The length of the discovery process varies depending on the complexity of the parties' assets. The discovery phase typically takes at least three (3) months. 5. APPRAISALSDuring the discovery phase, it is often necessary to retain experts to evaluate certain marital assets for the purpose of equitable distribution. These assets can include the marital residence, a business, pensions, or educational degrees. 6. MOTION PRACTICEDuring the action, it is very common for one or both parties to file an application for temporary (pendente lite) relief. This motion often seeks temporary maintenance or child support, temporary custody, exclusive occupancy of the marital residence, etc. There are many other kinds of motions or applications that can be filed in an action; they are confined only by the facts of the particular case and the creative energies of the attorneys. 7. THE COMPLIANCE CONFERENCEAt this conference the court will determine (1) whether any financial disclosure remains to be done, and (2) if the case can be settled.
Articles on divorce
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