Oakes v. Oakes & Leadwise, Inc.

Citations

• 2024 Ohio 6051

Syllabus

The trial court erred in failing to order any security for appellee-cross appellant husband's large financial obligation to appellant-cross appellee wife. The trial court also erred in (1) valuing the marital residence at it did, absent evidentiary support, (2) valuing a marital-property business based on a finding that periodic payments to the company could not increase over time, and (3) awarding wife real estate owned by an irrevocable trust and directing husband personally to facilitate transfer of the property to her. The trial court additionally erred in ordering husband to pay wife a financial obligation over seven years without making a finding as to whether an expert's growth and net-income projections for husband's business erroneously failed to consider the cost of growth and the company's relative lack of marketability. Judgment affirmed in part, vacated in part, reversed in part, and remanded.