What are a few examples of separate property in a Louisville divorce case? Once all of the assets and debts are clearly established in the process of property division, one of the next steps is to identify those assets and debts which are “marital property,” those which are to be considered as the “separate property”...
What is Commingled Property in a Louisville Divorce?
What is commingled property in a Louisville divorce and how does that affect the division of marital property? One of the most complex issues in almost any divorce is the division of assets and debts. People have strong feelings about specific property as well as money. One of the first concepts you will come to...
Commingled Assets and Debts in a Louisville Divorce
How will the Court handle commingled assets and debts in a Louisville divorce. Generally speaking, there are principally two types of marital property in a Louisville divorce – “marital property” and “separate property.” Basically, marital property will encompass any assets and debts which are obtained by the parties jointly or separately from the date of...
How Will Our Property be Divided in a Louisville Divorce
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...