First, there is often a marital home, and the issue is who I going to keep it, and is it going to be sold? The question then is, “What is the value of the marital home? How much equity is in the marital home? Is any portion of that separate property that is going to go to one individual over the other?”
Then, you have pensions, stocks, and any other deferred compensation. You have savings accounts, checking accounts, you have vehicles. All of that property is going to be put together to be divided.
The lawyer will put together an inventory all the property. The lawyer and experts determine the value of all the property. And then, the lawyer is required to put together a balance sheet to distribute all the property. And, that distribution sheet that the lawyer puts together will be done often with forensic accountants who will assist in the valuation.
Often, both parties have their own evaluators and a good Ohio divorce law firm will have a stable of excellent experts, which would include forensic accountants, vocational evaluators and forensic psychologists.