Below you'll find a list of all posts that have been tagged as “marital property”
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 acquired by either or both …
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 the business itself? What are …
Are you wondering how to determine the date of separation in your Louisville divorce case? Why is the date of separation such an important issue in a Louisville divorce? Establishing the date of separation in your Louisville divorce case will have a substantial impact on when you will be able to keep what you earn for yourself, the division of …
What are the dangers of squandering marital property in a divorce? When approaching the end of a marriage, especially one in which an affair or other emotional event has occurred it is not unusual for a hurt spouse to go on a spending spree. What is the harm in driving up credit card balances or emptying marital accounts if you …
Are you considering a divorce in Louisville? What are some of the things you need to know about a divorce and what to expect? The first and most important thing to understand about divorce is the cost of your divorce and the time it takes to complete are directly tied to the amount of disagreement between you and your spouse …
What is wasteful dissipation in a Louisville divorce? How does this aspect of family law affect property characterization and distribution, especially in the wake of an affair? Do you believe your former spouse had an affair and spent money on gifts, travel or other related expenses? Did a vindictive spouse purposefully run up the credit cards or make a large …
Many people approaching a divorce may not realize the division of debt is an important part of marital property division. They may be focused on specific things they want to keep, possession of the family home, protection of retirement accounts or retaining ownership of a business or professional practice. It is quite natural to focus on the asset side of …
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 …