Commingled Assets and Debts in a Louisville Divorce - Property Division

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 the marriage to the date …

Does One of the Parties Have to Move Out Before a Divorce in Louisville?

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 and the earnings of both …