Below you'll find a list of all posts that have been tagged as “marital property”
Have you been wondering how to analyze assets and debts in your Louisville divorce? What is “Marital property” and what is “separate property?” Generally speaking, Marital property is classified as any asset or debt acquired by either or both parties from the date of the marriage to the date of separation. Separate property is any asset or debt acquired by …
How is a KTRS retirement account divided in a Louisville divorce? The Kentucky Teachers Retirement System (KTRS) provides retirement, disability and survivor benefits for Kentucky teachers and their spouses and children. KTRS manages pension funds for school districts, community colleges and universities.. As Louisville divorce attorneys with decades of experience we can tell you all retirement benefits accrued during the …
Are you wondering how your property will be divided in a Louisville divorce? Who gets what? How should you approach the division of your assets and debts? There are a few things you need to know about how your property will be divided in a Louisville divorce. Generally speaking: Any asset or debt which was acquired by either or both …
Will my spouse get half of my business if we divorce in Louisville? If either or both of the former spouses own an interest in a business or professional practice or they share in the ownership of a family business it will be a substantial issue in your divorce. Here in Kentucky, marital property is to be divided equally between …
What is a postnuptial agreement in Louisville? Most of us have heard of a prenuptial agreement. You may be surprised to learn it is also possible to enter into a postnuptial agreement once you are married. A postnuptial agreement establishes the nature of a specific asset and specifies how it is to be handled in the event of a divorce. …
The Date of Separation in a Louisville divorce is quite important. What makes the Date of Separation so important and how is the Date of Separation established? Does the couple have to physically separate in order for the clock to be started? A recent update to Kentucky’s family law code clarified the answer to these questions. Let’s begin with why …
We are often asked “What if my former spouse is dating during the divorce?” The opposite question is often “Is it ok to date during the divorce?” Will dating have any affect on child custody and parenting time, maintenance or the divorce itself? Here in Kentucky, the Court presumes the cause of your divorce is an “irretrievable breakdown in the …
How will a Louisville divorce affect business owners? If you have or your spouse have your own business, own an interest in a company or are part of a professional practice you are probably wondering what will happen to it during the divorce. Will the divorce affect normal business operations? How will the marital property interest in the business be …
What are the challenging issues of a gray divorce in Louisville? Recent studies have shown the divorce rate of those above the age of 50, also known as “Gray Divorce” is the highest of any group. The studies have shown gray divorce can help those who have suffered in a stagnant or toxic relationship for years to move forward with …
What constitutes the date of separation in a Louisville divorce and why is this such an important date in the process of your divorce in Louisville or Jefferson County? The “Date of Separation” used to be the date the couple physically moved out and separated households prior to a divorce. Kentucky law on the subject was recently changed to reflect …