Have you been wondering how to analyze assets and debts in your Louisville divorce? What is “Marital property” and what is “separate property?” Generally speaking, Marital property is classified as any asset or debt acquired by either or both parties from the date of the marriage to the date of separation. Separate property is any asset or debt acquired by …
How Your Property Will Be Divided in a Louisville Divorce
Are you wondering how your property will be divided in a Louisville divorce? Who gets what? How should you approach the division of your assets and debts? There are a few things you need to know about how your property will be divided in a Louisville divorce. Generally speaking: Any asset or debt which was acquired by either or both …
When an Ex Hides Money or an Asset During a Divorce in Louisville
Are you worried that your former spouse has not or will not make a full, transparent and accurate disclosure of their income and assets? What should you do when an ex hides money or an asset during a divorce in Louisville or Jefferson County? Protecting your interests from the intentions and schemes of a former spouse is one of the …
What Financial Disclosures Must be Made in a Louisville Divorce?
What financial disclosures must be made in a Louisville divorce? Why is a full, transparent and accurate disclosure of all assets and debts by each party so important in a divorce? Generally speaking, the Court must have a thorough understanding of all of each party’s individual and joint assets and debts as well as the income of each spouse and …
Suggestions for Divorces Involving High Income or Assets in Louisville
What are some of our suggestions for divorces involving high income or assets? What do you need to know if you are considering a divorce in Louisville and have a professional practice, are a high wage earner or if you have substantial assets or wealth? Dodd & Dodd’s divorce and family law attorneys know those with substantial financial issues and …
Prenuptial Agreements are a Valuable Legal Tool
Prenuptial agreements are a valuable legal tool for protecting assets, intellectual property and existing financial interests prior to entering into a marriage. This is especially true for people who own their own business or are part of a professional practice. Prenuptial agreements have gotten a bad reputation over the years. TV, movies and other dramas falsely portray them as manipulative …
What Are the Challenging Issues of a Gray Divorce in Louisville
What are the challenging issues of a gray divorce in Louisville? Recent studies have shown the divorce rate of those above the age of 50, also known as “Gray Divorce” is the highest of any group. The studies have shown gray divorce can help those who have suffered in a stagnant or toxic relationship for years to move forward with …
Do You Think Your Former Spouse is Hiding Money or Assets in Your Louisville Divorce?
Do you think your former spouse is hiding money or assets in your Louisville divorce? Was there some sort of behavior such as lying or deception, betrayal or even a typical effort to cheat on taxes which makes you think your former spouse isn’t being fully truthful? Former spouses owe a fiduciary duty to one another until the moment the …
Protecting Substantial Assets in a Jefferson County or Louisville Divorce
Are you concerned about protecting substantial assets in a Jefferson County or Louisville divorce? If you are a high wage earner such as a business owner, physician or licensed professional, commissioned salesperson, CEO or executive you are probably concerned about protecting substantial assets in your divorce. Pre-planning is essential to ultimate success in these scenarios. Was there a prenuptial agreement …
Baby Boomers are More Likely to Divorce than Earlier Generations
Did you know that baby boomers are more likely to divorce than earlier generations? Individuals in Kentucky and across the nation age 50 and older are getting divorced at a higher rate than their parents and grandparents did at the same age. As these baby boomers get older, the likelihood of divorce only increases. Recent studies have shown people 65 …