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Trying to finalize a divorce/dissolution in Ohio. Everything…

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Hi. Trying...

Hi. Trying to finalize a divorce/dissolution in Ohio. Everything is agreed upon except one thing. Life insurance. Ex wife (to be)'s attorney wants 1/2 cash value of the plan in cash PLUS keep policies in force with her as beneficiary. Don't dispute she is entitled to half the asset, but cannot pay the cash value without cashing in the plan. After resisting, fighting this for one year, my attorney has now abruptly changed her mind and said we need to do it that way. That makes no sense to me. We wouldn't give her half e cash value of the house and then continue to pay for he house and let her have it in full later. Am I wrong?

Lawyer's Assistant: Because real estate law varies from place to place, can you tell me what state this is in?

Ohio

Lawyer's Assistant: Has anything been filed or reported?

Not yet. Still negotiating through the attorneys.

Lawyer's Assistant: Anything else you want the lawyer to know before I connect you?

I don't think so.

Submitted: 11 months ago.Category: Legal
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Answered in 9 minutes by:
8/2/2017
Lawyer: Bill Attorney, Lawyer replied 11 months ago
Bill Attorney
Category: Legal
Satisfied Customers: 2,617
Experience: Attorney
Verified

This is attorney Bill offering assistance to your property settlement agreement in Ohio.

If you are both represented by attorneys the court most likely won't amend your property agreement once submitted to the court; albeit it does reserve the right.

Under the circumstances you can either refuse to come to an agreement that you deem unfair in relation to the life insurance and the house and submit the matter to the court for a disposition or you can submit a partial property agreement and request the court to order the final disposition of other assets.

You aren't required to come to a prior property agreement so can exit negotiations at any time.

The standard is equitable division and this will depend on a number of factors ; such as your respective jobs, length of the marriage, fault in the marriage and the financial needs of both of you into the future,

We are here to help.

Please follow up with me when you need more information.

In return remember to rate positively.

You do this by rating 5*****, 4**** or better.

SO I hope you rate FIVE STARS today.

This gives me a credit for my time and response.

Best

Attorney Bill

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DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

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