Below you'll find a list of all posts that have been tagged as “marital property”
We are often asked “what will happen to the family business in our Louisville divorce?” Owning a small business or an interest in the family business will be handled as part of the marital property division process. The valuation and division of the marital property interest in the business is legally and financially quite complex. The business owner or practicing …
Financial errors in a Jefferson County divorce can be costly. Couples in Louisville who are getting a divorce often have to deal with the emotions and other issues that can accompany such a drastic life change. Missteps made by divorcing people make can cost time and money. They include a lack of knowledge about assets, an absence of competent financial …
Our clients often ask if it is better to sell the family home or keep it in a Louisville divorce. Once the decision to divorce has been reached, the disposition of the family home is one of the major issues to be decided. Much like child custody and parenting time, the division of marital property and the disposition of the …
Couples preparing for divorce are no longer required by law to physically separate in order to establish the date of separation. Many still choose to do so. What are the issues to consider when one of the spouses moves out during a divorce? Moving out of the family home before the separation agreement is completed and signed by both parties …
Does commingling separate property make it completely marital property in a Louisville or Jefferson County Divorce? One of the most important aspects of a Kentucky divorce outside of child custody or parenting time is the characterization of property and how it is divided. If you owned property or had investments or a trust account before getting married, those assets are generally …
Who gets the family home in a Louisville divorce? This is a complex legal issue and it is best to seek the counsel of an experienced proven Louisville family law attorney for guidance and insight. The equity in your family home is marital property. Marital property is to be equally divided between the parties. If the home was owned by …
While it often applies to a company or professional practice valuation isn’t just for a business in a divorce. What is valuation and how is it helpful in the successful completion of the divorce process in Louisville and Jefferson County? Here in Kentucky, all marital debts and assets must be divided evenly between the former spouses. The process of property …
What happens when separate funds are used for marital purchases prior to a divorce? This occurs when one of the spouses uses money or assets they had prior to marriage (known as “separate property”) to purchase an asset which is classified as marital property in a divorce such as the family home. How do you protect separate assets from marital …
What rules apply to spouses during the divorce process? There are certain rules or duties and responsibilities that are placed upon former spouses as they work through the process of a divorce in Jefferson County or Louisville. From the moment the divorce petition is filed to the moment the Court issues final orders in your divorce case you and your …
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 …