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Agreement for the Partition and Division of Real Property

Agreement Division Property With Land In Ohio

Category:

Civil Actions - Partitions

State:

Multi-State

Control #:

US-00410

Format:

Instant download

Description

This Partition Agreement is an Agreement for the Partition and Division of Real Property. This is a Voluntary agreement to partition and divide real property. This Agreement can be used in any state. This Agreement is to be signed in front of a notary public.

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Ohio law classifies property as either marital property or separate property. Separate property stays with the spouse who brought it to the marriage.Learn how marital property and debts are divided in Ohio divorces, including which assets spouses keep as their separate property. My firm gives divorcing spouses the advice and advocacy they need to pursue an appropriate asset division arrangement. Ohio adheres to the principle of equitable distribution in divorce proceedings. This means that marital property is divided in a manner that is fair and just. In a partition action, one party can force the judicial sale of the property to the highest bidder with the net proceeds divided among the coowners. Under Ohio law, both spouses have a claim to all assets, including real property, acquired during the marriage, regardless of whose name is on the title.

Agreement Division Property With Land In Ohio

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