How will our property be divided in a Louisville divorce? Kentucky is a “marital property” state. The marital assets and debts of parties considering a divorce are therefore known as “marital property.” Marital property is to be divided equally between the spouses. This includes all acquisitions during the course of the marriage, all debts incurred and the earnings of both …
How is Maintenance Determined in Jefferson County
How is maintenance determined in Jefferson County? Is there a specific calculation method to determine the amount and duration of maintenance in Louisville and the surrounding area? Kentucky has very specific guidelines for the calculation of child support during a Louisville or Jefferson County divorce, but maintenance is much less rigidly formatted under Kentucky law. There are many “factors” which …
Forensic Accounting and Valuations in a High Asset Divorce
Why is it important to work with experienced divorce and family law attorneys to ensure accurate forensic accounting and valuations in a high asset divorce in Jefferson County? Many couples in Louisville and Jefferson County Louisville have significant assets or a substantial income. When marriages associated with wealth or high wage earners come to an end each spouse owes a …
What Makes Mediation an Effective Tool in a Divorce
It is important to understand the concept of mediation and what makes mediation an effective tool in a divorce. Mediation is a non-confrontational environment where a neutral impartial experienced mediator works with the parties separately and together along with their attorneys to identify core issues within a dispute, find common ground, identify potential solutions and ultimately craft an agreement based …
The Challenges Most Likely to Drive up the Cost of Your Divorce
What are the challenges most likely to drive up the cost of your divorce and how can you avoid these expensive financial traps? The two most expensive and commonly contentious issues in a Louisville divorce case are child custody and parenting time and business or professional practice ownership. Issues surrounding the children can be the most expensive challenges in many …
How Long Will a Divorce Take in Louisville?
One of the questions we are asked most often is “How long will a divorce take in Louisville?” The least amount of time required for a divorce is a week or two in an uncontested divorce based upon Kentucky family law and the 60 day live apart rule. In the majority of cases, any time beyond six months is associated …
A Prenuptial Agreement Isn’t a Prediction of Future Divorce
A prenuptial agreement isn’t a prediction of future divorce. In fact, the process of developing and implementing a prenuptial agreement can help to establish a stronger relationship between the parties and increase the likelihood of success for the coming marriage. Over the years prenuptial agreements have gotten a really bad reputation, carrying a stigma based on the common myth “it …
Recommendations for Email Communications During a Divorce
The experienced Louisville family law attorneys at Dodd & Dodd would like to offer some important recommendations for email communications during a divorce in Louisville. The most important concept to understand from the outset is this: emails can be and often are used as vital evidence in divorce cases. Assume every email you send to your former spouse during the …