Are debts and property treated equally in a Louisville divorce? How will your personal property, vehicles, real property, investments, retirement accounts and pets be divided during the division of marital property? The first concept to understand is the difference between “marital” property and “separate” property. Marital property is generally defined as any asset or debt...
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...
What Financial Disclosures Must be Made in a Louisville Divorce?
What financial disclosures must be made in a Louisville divorce? Why is a full, transparent and accurate disclosure of all assets and debts by each party so important in a divorce? Generally speaking, the Court must have a thorough understanding of all of each party’s individual and joint assets and debts as well as the...
Student Loans and the Division of Debts in a Louisville Divorce
What happens with student loans and the division of debts in a Louisville divorce? How are assets and debts characterized and divided during a divorce? The division of marital property is a complex process in many Louisville divorce cases. Generally speaking, property and debt acquired before the marriage is considered to be “separate” from the...