Below you'll find a list of all posts that have been tagged as “marital property”
We are often asked how is the house handled in a Louisville divorce case? Who gets to keep the family home and what should you know about how this important issue will be handled in your divorce? The first question is going to be the characterization of the home as an asset in the divorce. Generally speaking, if the asset …
When it comes to a Louisville divorce many people are surprised to learn that all property in a divorce is not marital property. Marital property is basically established as any asset or debt attained by either or both parties from the date of the marriage until the date of separation with a few exceptions. While the date of separation itself …
What are the 3 ways to end a Louisville marriage? If you are considering a divorce or contemplating the end of your marriage you need to understand the options available to you, the law as it applies to your unique circumstances as well as the best strategies to accomplish your goals and objectives. There are basically 3 ways to end …
What do you need to know about establishing the Date Of Separation in a Louisville divorce? The Date Of Separation (DOS) is a crucial date in any Kentucky divorce. The DOS marks the point in time where the “marital unit” ends, and the former spouses can begin to accumulate their own separate assets and financial accounts. The Date of Separation …
What happens to Kentucky TRS and KPPA pensions in a Louisville divorce? What does a teacher, a public employee and/or their spouse need to know about how these accounts will be managed during property division in a divorce? Generally speaking, all debts and assets obtained by either or both parties from the date of the marriage until the date of …
Why does the Date of Separation matter in a Louisville divorce cases? What legally designates the Date of Separation? What is the legal and financial relationship between married spouses between the date of their marriage and the “Date of Separation?” The “Date of Separation” is an important date in the process of a divorce. When two parties get married they …
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 is a KTRS retirement account divided in a Louisville divorce? The Kentucky Teachers Retirement System (KTRS) provides retirement, disability and survivor benefits for Kentucky teachers and their spouses and children. KTRS manages pension funds for school districts, community colleges and universities.. As Louisville divorce attorneys with decades of experience we can tell you all retirement benefits accrued during the …
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 …
Will my spouse get half of my business if we divorce in Louisville? If either or both of the former spouses own an interest in a business or professional practice or they share in the ownership of a family business it will be a substantial issue in your divorce. Here in Kentucky, marital property is to be divided equally between …