Family Business in our Louisville Divorce

What Will Happen to the Family Business in our Louisville Divorce?

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 …

One of the Spouses Moves Out During a Divorce

Issues to Consider When One of the Spouses Moves Out During a Divorce in Louisville or Jefferson County

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 …

Commingling Separate Property Make it Completely Marital Property

Does Commingling Separate Property Make it Completely Marital Property

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 …

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 …