A dissolution of marriage may be the answer for you. A dissolution of marriage is a process to terminate a marriage “by agreement”. Prior to any filings with a court, the spouses can agree that each spouse shall retain his or her own assets even if the division of assets is not fair or equitable. The key to a dissolution of marriage is that both spouses reach an agreement regarding the division of their assets, which is committed to a signed, written agreement.
This is contrasted with a divorce where a Domestic Relations Court Judge is required to allocate the “marital” assets equally between the parties. Marital assets are those assets acquired by the parties “during the marriage”. A divorce is necessary when the spouse cannot reach an agreement regarding the division of their assets making a dissolution of marriage not possible.
Find out how a dissolution of marriage may be advantageous to you by contacting us at Bailey & Gunderson, Attorneys-at-Law, at (513) 631-0022 with offices in Norwood, Western Hills and Anderson Township.
