Remarrying after a divorce can feel like a fresh start and an opportunity to build a lasting partnership. However, Census statistics show that second marriages have a higher rate of failure than first marriages, making it essential to approach this new chapter with awareness and preparation. For those planning to remarry in Ohio, understanding the legal and personal implications can help set the foundation for a successful union. Unique Challenges of Second Marriages Couples entering a second marriage often face hurdles not present in first marriages. Some of these challenges include: Lingering emotions like resentment or anger toward a former spouse. Balancing greater financial and personal independence. Managing financial obligations, including child support or alimony. Blending families and navigating relationships with stepchildren. Adjusting to changes in social networks and family dynamics. Steps to Consider Before Remarrying To increase the likelihood of a successful second marriage, thoughtful planning is crucial. Key steps include: Understanding Past Mistakes: Reflect on the reasons your first marriage ended. Identify patterns or behaviors to avoid repeating in your new relationship. Discussing Family Dynamics: Blending families can be challenging. Open communication with your children and your new partner about expectations and concerns is essential for building trust and harmony. Reviewing Financial Implications: Second marriages often involve complex financial considerations, including: Alimony : Remarriage typically terminates alimony payments. Notify your former spouse promptly, as required by your divorce agreement. Household Finances : Discuss shared expenses and financial responsibilities to avoid conflict later. Life and Health Insurance : Update beneficiaries and ensure compliance with previous agreements before making changes. Considering a Prenuptial Agreement : Protect your premarital assets and plan for your children’s inheritance with a prenuptial agreement. This precaution is especially valuable if there are significant financial disparities between you and your partner. Emotional Readiness: Before remarrying, take the time to heal and address any unresolved emotions. Counseling can help you process lingering feelings and prepare you for a healthy relationship. Setting Yourself Up for Success While challenges exist, second marriages can thrive with open communication, mutual respect, and a shared commitment to resolving issues as they arise. Building trust with your partner and stepchildren and prioritizing the relationship can help create a strong foundation for your new family. Contact Hoover Kacyon, LLC If you’re planning to remarry and have concerns about the legal implications, the experienced family law attorneys at Hoover Kacyon, LLC can help. We provide guidance on prenuptial agreements, financial planning, and family dynamics to ensure you’re fully prepared for this new chapter. The Akron, Fairlawn, and Cuyahoga Falls Hoover Kaycon, LLC Attorneys at Law are here to answer your questions and help you through the process. We deliver the highest quality legal representation from a team of professionals while also providing excellent customer service. Contact us today to schedule a consultation and receive personalized advice tailored to your unique situation. Call us at 330-922-4491 or contact us online to make an appointment.

When you’ve built a successful business, safeguarding it is crucial—especially within the context of marriage. While no one enters marriage expecting a divorce, planning for potential outcomes can protect both your livelihood and your peace of mind. Several proactive strategies can help you secure your business interests, such as prenuptial agreements, postnuptial agreements, and buy/sell agreements. Prenuptial Agreements A prenuptial agreement is a powerful tool for ensuring your business remains protected in the event of divorce. This legally binding document entered into before marriage, allows both parties to agree on how to divide assets if the marriage ends. Specifically, you can designate whether your business qualifies as marital property. By excluding the business from marital property, you protect it from being subject to division. Prenuptial agreements are widely recognized and often provide the strongest protection for business owners. Postnuptial Agreements If you’re already married and haven’t established a prenuptial agreement, a postnuptial agreement offers an alternative. These agreements serve a similar purpose, allowing you to outline how to treat business assets in case of divorce. However, postnuptial agreements can be more challenging to enforce than prenuptial agreements, as courts may scrutinize them more closely to ensure fairness. Still, they can be an effective safeguard when drafted with the help of an experienced attorney. Buy/Sell Agreements For those who co-own a business, a buy/sell agreement can provide additional protection. This type of agreement determines how a spouse’s interest in the business will be valued and handled during a divorce. It can specify a cash award for the spouse’s share while ensuring that the business remains operational under your control. Buy/sell agreements not only protect your business but also provide clarity and stability during potentially turbulent times. Taking Action to Secure Your Business Proactively addressing the “what ifs” with legal agreements allows you to focus on growing your business without worrying about unforeseen complications. Consulting an attorney to create tailored agreements can ensure your business interests are thoroughly protected, no matter what the future holds. At Hoover Kacyon, LLC, we understand the importance of safeguarding your hard-earned business. We deliver the highest quality legal representation from a team of professionals while also providing excellent customer service. Contact us today to discuss your options and take the first step toward protecting your financial future. Call us at 330-922-4491 or contact us online to make an appointment.

A DUI (driving under the influence) conviction carries severe consequences, including potential jail time, license suspension, and substantial fines. Beyond these penalties, a DUI conviction may also complicate divorce proceedings, influencing property division and child custody outcomes. If you or your spouse face DUI charges during a divorce , it’s critical to consult with an experienced attorney, like those at Hoover Kacyon, LLC, to understand your options and protect your interests. DUI and Its Impact on Divorce In Ohio, the repercussions of a DUI can extend beyond the criminal court and into family law matters. A conviction can negatively influence property division during divorce proceedings. Courts aim for an equitable division of marital assets, but a DUI-related financial strain—such as fines, legal fees, and court costs—may leave fewer resources available for negotiation. Child custody is another area where a DUI conviction can have significant implications. If one parent has been convicted of drunk driving, the other parent’s attorney may use this to argue against awarding custody. Courts in Ohio prioritize the child’s best interests, and a history of impaired judgment or dangerous behavior, such as DUI, can weigh heavily in custody decisions. A conviction may result in reduced parenting time or loss of decision-making authority for the child’s welfare, including education and medical care. Understanding DUI Laws in Ohio In Ohio, DUI laws (often referred to as OVI or operating a vehicle under the influence) impose penalties based on factors like blood alcohol concentration (BAC) and prior offenses. Depending on the circumstances, a DUI may be charged as a misdemeanor or a felony. A conviction can lead to a license suspension, which may hinder your ability to fulfill parenting responsibilities or meet employment obligations. How Hoover Kacyon, LLC, Can Help Divorce proceedings are complex, and the added element of a DUI can make the process even more challenging. The skilled family law attorneys at Hoover Kacyon, LLC are here to help. Our team provides personalized legal guidance tailored to your unique circumstances, ensuring you understand how a DUI could affect your divorce. We deliver the highest quality legal representation from a team of professionals while also providing excellent customer service. Contact Hoover Kacyon, LLC today at 330-922-4491 to schedule a consultation and take the first step toward protecting your rights and future.

Prenuptial agreements, or prenups , are essential legal documents created before marriage to establish how assets and liabilities will be divided in the event of divorce or death. For high-net-worth individuals, these agreements are crucial for protecting wealth, investments, and business interests. At Hoover Kacyon, LLC, we emphasize the value of proactively addressing financial matters, especially when substantial assets are involved. Asset Protection A primary benefit of prenuptial agreements is safeguarding assets. High-net-worth individuals often have complex financial portfolios, including real estate, businesses, stocks, and inheritances. Without a prenup, dividing these assets during a divorce can become unnecessarily complicated. A well-drafted prenuptial agreement ensures clear guidelines for asset division, helping to mitigate conflicts and streamline the resolution process. Transparency in Marriage Prenuptial agreements also promote transparency and clarity regarding financial expectations within a marriage. At Hoover Kacyon, LLC, we encourage open communication between partners when drafting prenups. These discussions not only protect assets but also foster mutual understanding, creating a solid foundation for a lasting relationship. Our collaborative approach to family law ensures our clients' interests are prioritized while promoting amicable resolutions. Beyond Asset Protection Prenuptial agreements address more than just asset protection; they can also cover spousal support and future property rights. For individuals entering a marriage with significant assets, such as a home, retirement accounts, or anticipated inheritances, it’s essential to have open discussions about how these assets will be handled in the event of divorce. A prenup provides fairness and financial security for both spouses, offering peace of mind as they move forward together. Postnuptial Options Effective January 1, 2023, Ohio law has drastically changed to allow for postnuptial agreements between spouses. This update means that now, after parties are married, they can enter into a contract with one another that changes some of their legal rights and responsibilities, similar to what a prenuptial agreement can do before parties are married. Contact Us Today For high-net-worth individuals in Ohio, prenuptial agreements are more than legal documents—they are tools for asset protection, transparency, and long-term stability. Let Hoover Kacyon, LLC guide you through the process with professionalism and compassion. We deliver the highest quality legal representation from a team of professionals while also providing excellent customer service. Contact us at 330-922-4491 or online to learn more about prenuptial agreements or postnuptial services.

Divorce marks a significant change in life, not just emotionally but also financially. Understanding how to protect your investments through this transition is crucial to setting a stable foundation for your future. Here, we outline essential steps to help safeguard your assets and navigate the process effectively. 1. Know Your State’s Property Division Laws State laws guide the division of assets in divorce, which generally follow either community property or equitable distribution principles. Ohio follows equitable distribution of property , which aims for fairness, not necessarily a 50/50 split. In either case, any property acquired during the marriage is typically considered “marital property” and subject to division. Knowing your state’s approach can help you prepare and plan strategically. 2. Inventory Your Assets A critical early step is identifying all your financial and investment accounts. Even if you haven’t managed the finances before, it’s essential to familiarize yourself with account details, including types of ownership (joint or individual), balances, and access information. This step will provide a clearer picture of your marital assets and help prevent any surprises later. 3. Consider Consulting a Financial Advisor A financial advisor can be invaluable, especially if you and your spouse have substantial investments. They can help create a marital net worth statement, calculate tax implications, and guide you through potential pitfalls. If you previously shared an advisor with your spouse, consider hiring an independent one to avoid conflicts of interest. An advisor will also help you build a post-divorce financial plan and protect your credit. 4. Update Beneficiaries Divorce is an ideal time to review and update beneficiary designations on your investment accounts, as these take precedence over wills. Neglecting to update beneficiaries could unintentionally benefit your ex-spouse. Simply log in to your accounts or contact your financial institution to make these changes. 5. Document Contributions  In equitable distribution states, the court considers each spouse’s contributions to the marriage. If you made financial sacrifices, such as paying down debt or managing a home renovation, keep records as evidence. This documentation could strengthen your case for a fair share of the assets. Dividing Investments in Divorce Investment accounts, especially retirement plans, can be challenging to divide. Workplace retirement plans like 401(k)s require a Qualified Domestic Relations Order (QDRO) to allocate funds to an ex-spouse without incurring penalties. Understanding the tax implications of different account types—such as traditional IRAs versus Roth IRAs—is also important, as the long-term impact can vary. In Essence Divorce is undeniably difficult, but taking the proper steps can safeguard your financial future. By working with a financial advisor and understanding your rights, you can approach asset division with clarity. At Hoover Kacyon, LLC, we understand the complexities of divorce and asset protection. We deliver the highest quality legal representation from a team of professionals while also providing excellent customer service. Call us at 330-922-4491 or contact us online to make an appointment.

Spousal support, formally known as alimony , is often a central issue in divorce cases, designed to ensure financial fairness and provide stability to a spouse after a marriage ends. In Ohio, spousal support laws aim to assist dependent spouses as they transition to financial independence, making it essential for those going through a divorce to understand the process. Who Qualifies for Spousal Support? Ohio bases spousal support eligibility on several factors, including the duration of the marriage, the standard of living during the marriage, each spouse’s earning potential, age, health, and contributions to the household. Courts take these factors into account when deciding if support is warranted and, if so, how much and for how long. Types of Spousal Support in Ohio Ohio law recognizes different types of spousal support. Temporary support may be provided during the divorce process to help a spouse meet immediate needs. Short-term support can assist a spouse in adjusting to new financial realities, while long-term or permanent support may be awarded in situations where one spouse cannot achieve financial independence due to age, health, or other factors. How is Spousal Support Calculated? Unlike some states, Ohio does not use a specific formula to calculate spousal support. Instead, the court examines both parties’ income, earning capacity, financial needs, and any existing child support obligations. This case-by-case approach allows for flexibility in determining fair support but also requires careful consideration of each unique situation. Adjusting and Ending Spousal Support Spousal support orders are not always permanent. They can be modified or terminated under specific circumstances, such as job loss, retirement, or a significant change in the financial status of either spouse. In many cases, support will automatically end if the recipient spouse remarries or if the court deems the original order no longer necessary. Tax Implications for Spousal Support Since the 2018 Tax Cuts and Jobs Act, spousal support payments are no longer tax-deductible for the payer, and recipients do not have to declare them as taxable income. Understanding these tax changes is vital for those negotiating or paying spousal support, as they can impact overall financial planning. Negotiating Outside of Court Divorcing couples can also negotiate spousal support outside the courtroom through mediation or collaborative divorce, allowing for greater flexibility and more personalized agreements. This process can be less contentious and give both parties more control over the outcome. The Importance of Legal Representation Navigating Ohio’s spousal support laws can be challenging, and it’s essential to have skilled legal guidance. The experienced family law attorneys at Hoover Kacyon, LLC, serving Akron, Cuyahoga Falls, and Fairlawn, can help you understand your rights and obligations, work through negotiations, and represent your interests in court. Whether you’re seeking or contesting spousal support, Hoover Kacyon, LLC is here to guide you through each step of the process. For a comprehensive consultation and to explore your options, contact us today at 330-922-4491 or reach out to us online.

Parents in Ohio who either pay or receive child support often have misconceptions about how the system works. These misunderstandings can cause frustration and conflict between parents, sometimes leading to unnecessary legal battles. To avoid confusion, it's important to understand the facts about child support. Below are six common myths and the truths behind them. Myth #1: Child Support Is Based on the Child's Needs Truth : While a child's needs are considered, the primary factor in determining child support is the income of both parents. Ohio uses a specific formula that combines the gross income of both parents, taking into account certain deductions like local taxes, support for other children, or spousal support. The aim is to ensure a fair distribution of child-rearing costs based on the parents' financial situations. Myth #2: Child Support Must Only Be Spent on the Child Truth : Child support is meant to contribute to the child’s overall welfare, but there’s no strict requirement for how it is spent. In Ohio, support can be used for housing costs, utilities,transportation, food, and even entertainment. While these expenses may also benefit the custodial parent, they don't make the spending improper. Only in extreme cases where the child’s needs are neglected would the court intervene. Myth #3: Moving Out of State Cancels Child Support Obligations Truth : Relocating to another state or even outside the country does not relieve a parent from their responsibility to pay child support. The obligation remains, regardless of where a parent lives. Courts and agencies can enforce child support orders across state and national borders. Myth #4: Quitting a Job Can Eliminate the Duty to Pay Child Support Truth : A parent cannot simply avoid child support by quitting their job. If a parent intentionally becomes unemployed to avoid payments, the court may continue to enforce the original support order. Judges may base payments on the parent's potential income or assign an obligation based on minimum wage. Myth #5: Having Children with a New Partner Lowers Child Support Truth : The number of children a parent supports is a factor in determining child support, but having more children doesn’t automatically lower payments. If a parent’s income increases with a new partner, child support could stay the same or even rise depending on the circumstances. Myth #6: Child Support Ends When the Child Turns 18 Truth : In Ohio, child support typically ends when a child turns 18, but exceptions exist. Support may continue if the child is still in high school or is disabled and unable to support themselves. Additionally, the obligation will continue if parents agree in a divorce settlement to extend support past 18. By understanding the facts and clearing up these misconceptions, parents can navigate the child support process with less confusion and conflict. Hoover Kacyon, LLC, is a trusted partner in child custody legal matters, delivering results through our unwavering dedication, vast experience, and proven track record in litigation and appeals. The Akron, Fairlawn, and Cuyahoga Falls Hoover Kacyon, LLC Attorneys at Law are here to assist you with the sensitive nature of child custody cases. If you need assistance, know that we deliver the highest quality legal representation from a team of professionals while also providing excellent customer service. Call us at 330-922-4491 or contact us online to make an appointment.

When people think about dividing assets in a divorce, they often focus on the larger, more obvious items such as houses, cars, and real estate. However, in high-income divorces, other significant assets come into play and must be considered during property division. These assets are often classified as high-value property. What Qualifies as a High-Value Property? No specific financial threshold qualifies an asset as high-value, but certain items are generally regarded as such due to their worth. These include: Artwork Collectibles Family heirlooms Jewelry (i.e., wedding rings and engagement rings) Vacation homes or investment properties Luxury vehicles Marital vs. Separate Property Marital property includes anything that either spouse acquired during the marriage, regardless of whose name is on the deed or title. For instance, even if only one spouse’s name appears on the title of a vehicle or the deed to a home, it is still considered marital property and will be subject to division. In contrast, separate property refers to items one spouse owned before the marriage. Personal gifts and inheritances received by one spouse (unless gifted by the other spouse) are also considered separate property and generally not subject to division. Retirement Accounts Retirement accounts, such as 401(k)s, IRAs, and pensions, are considered marital property if contributions were made during the marriage. Since pensions often represent a large portion of a person’s investments, they are frequently a major point of contention in high-income divorces. Equitable Distribution Ohio courts follow the principle of equitable distribution, meaning property is divided fairly , though not necessarily equally. This approach can complicate the division of high-value assets, especially since only some things can be easily split. Equitable distribution doesn't always mean a 50/50 division but rather what the court deems fair based on the specifics of the marriage. In high-income divorces, spousal support may favor the lower-earning spouse. This factor can create more disputes over how to divide assets, particularly when both spouses contribute to accumulating high-value property. Equitable Distribution Factors Judges in Ohio consider several factors when deciding how to divide marital assets, including: The duration of the marriage Each spouse’s income and separate assets Whether there are children and custody arrangements The standard of living maintained during the marriage The health and age of each spouse Division of High-Value Property Dividing property is straightforward for liquid assets like cash. However, high-value items like real estate or artwork are more difficult to split. Couples are encouraged to reach an agreement on how to handle these assets, as this can be quicker and less expensive than going to court. If no agreement is made, one spouse may keep the asset while compensating the other with an equivalent value in different assets. Concealing High-Value Property In some high-income divorces, one spouse may attempt to hide assets to avoid losing them in the divorce. Methods of concealing assets include underreporting income, hiding assets with third parties, or deferring raises. Hiding assets is illegal and can lead to severe penalties if discovered. If you suspect this behavior a divorce attorney who can work with financial experts to uncover hidden assets. Hiring a law firm familiar with high-value divorce proceedings and splitting of property will significantly impact how you and your future are protected. No matter how complicated or complex your divorce might be, the Hoover Kaycon Attorneys at Law serving Akron, Cuyahoga Falls, and Fairlawn are here to answer your questions and help you through the process. We deliver the highest quality legal representation from a team of professionals while also providing excellent customer service. Call us at 330-922-4491 or contact us online to make an appointment.