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 …
What Constitutes the Date of Separation in a Louisville Divorce
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 …
Cooling Off Period in a Louisville Divorce
Is there a cooling off period in a Louisville divorce? How quickly can a divorce actually be completed in Kentucky? Are there residency requirements regarding who can file for a Louisville divorce and when? Kentucky is a no-fault divorce state which means you don’t have to prove why a divorce should be granted in your case. The state of Kentucky …
What is the Date of Separation in a Louisville Divorce and Why is it Important?
What is the date of separation in a Louisville divorce and why is it important in your divorce? The date of separation establishes the date your income and assets become “separate property” from the marital property. This will impact the distribution of the marital property and potentially child and maintenance. The date of separation marks a point in time after …
Marital Property or Separate Property in Your Divorce?
What is the difference between marital property or separate property in your divorce? Why is the “date of separation” such an important issue in your Jefferson County or Louisville divorce? When a couple divorces in Louisville, their assets and debts (or liabilities) must be carefully accounted and appropriately divided. The property, assets, retirement accounts and investments which they acquired or …
Keep separate property separate from marital property during a Louisville divorce
What is “separate property” in a Louisville divorce and how can you ensure to keep separate property separate from marital property during a Louisville divorce? The way you manage your separate property and conduct your affairs immediately leading up to and during the course of your divorce can make a difference in how much of the separate property you may …