What happens to Kentucky TRS and KPPA pensions in a Louisville divorce? What does a teacher, a public employee and/or their spouse need to know about how these accounts will be managed during property division in a divorce? Generally speaking, all debts and assets obtained by either or both parties from the date of the...
Why Does the Date of Separation Matter in Louisville?
Why does the Date of Separation matter in a Louisville divorce cases? What legally designates the Date of Separation? What is the legal and financial relationship between married spouses between the date of their marriage and the “Date of Separation?” The “Date of Separation” is an important date in the process of a divorce. When...
How to Analyze Assets and Debts in Your Louisville Divorce
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...
How is a KTRS Retirement Account Divided In a Louisville Divorce
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...