What is the difference between marital and separate property in a Jefferson County or Louisville divorce? Why does the distinction between separate property and marital property matter? The short answer is found in the division of the property during a divorce. Marital property is generally divided equitably between the parties under Kentucky law. Separate property...
Your Soon-to-be Former Spouse is The Worst Lawyer You Can Have in a Louisville Divorce
It may sound kind of obvious on the face of it, but it is important to remember your soon-to-be former spouse is the worst lawyer you can have in a Louisville divorce. They can’t seem to help themselves. “Legal” advice spills out in the context of an argument or in discussions leading up to a...
Dividing Marital Property Equitably in a Louisville Divorce
Kentucky family law provides provisions for dividing marital property equitably in a Louisville divorce. However, what constitutes “marital” property and how can you ensure that not only are all assets fully disclosed but accurately valued? The “marital unit” is generally established by the marriage and lasts until the “date of separation.” Any debt or asset...
What Happens When Divorcing Spouses Co-Own a Business in Louisville?
What happens when divorcing spouses co-own a business in Louisville? What happens to the business during marital property division? When the soon-to-be divorcing spouses co-own a business in Louisville they must give serious consideration to this important asset and how it will be handled during the course of the divorce. What is to become of...