Below you'll find a list of all posts that have been tagged as “marital property”
What is the fiduciary duty of spouses going through a Louisville divorce? What obligation do former spouses have to one another from a financial perspective until the divorce is finalized? If you are considering or going through a divorce in Jefferson County or Louisville it is important to understand the “fiduciary duty” you owe to your former spouse throughout the …
What is separate property in a Louisville divorce? How can our experienced attorneys make a difference in your Louisville or Jefferson County divorce case? Kentucky is a marital property state when it comes to the division of assets and liabilities at the time of a divorce. This means any asset acquired by either of the parties during the course of …
What is marital property in a Louisville divorce? Kentucky is known as a “Marital Property” state in terms of how marital property is characterized and ultimately divided during a Jefferson County or Louisville divorce. In Kentucky, the spouses are entitled to equal interest in all “marital property.” Marital property refers to property you or your spouse obtained as well as …
Why is it so important to plan the date of filing in your Louisville divorce? Why is the date of filing such a critical date? The parties are not required to physically separate anymore, as this can present an unfair economic burden. So why is it so important to plan the date of filing in your Louisville divorce? One issue …
A common concern among business owners is how the business itself will be handled in a divorce. You may wonder “Will I have to sell my business because of our divorce?” Business valuation and the division of the marital property interest in a Louisville area divorce case are very complex legal issues. The business, tax and family law experience and …
What should you do if you suspect fraud in a Jefferson County divorce case? When a couple file for a divorce the court issues a variety of orders. The former spouses owe a “fiduciary duty” to one another to provide a full, transparent and accurate accounting of all assets, bank and investment accounts, retirement accounts, vehicles, real estate, and income …
What are the important financial issues to consider before filing a divorce? In Kentucky and around the country, there is commonly an uptick in the number of divorce filings after the New Year. Many people choose to file for divorce at the beginning of the year so they can start their lives afresh. New divorce filings often pick up after …
What is a gray divorce in Louisville or Jefferson County Kentucky? The term “Gray Divorce” has gained a lot of visibility in the past several years. Gray divorce refers to divorce cases when the parties are 50 years of age or older. There were concerns in recent studies which showed gray divorce had doubled over the past 30 years. It …
What happens to your business during a divorce in Louisville or anywhere in Jefferson County Kentucky? Generally speaking, the spouse who has the ownership interest in the business must buy out the marital property interest of the non-ownership spouse. When both spouses are working together sharing joint interest of the business there are three likely outcomes: 1. The business is …
How will your 401(k) be handled in a Louisville divorce? Retirement assets such as a 401(k) are considered in the same manner as “marital property” and marital contributions are usually fairly or equally divided between the parties. If you entered the marriage with a balance in your 401(k) the “marital property” value of the 401(k) itself can actually be quite …