Business Asset in a Divorce is Losing Money

When a Business Asset in a Divorce is Losing Money

What happens when a business asset in a divorce is losing money?  In a Louisville divorce all assets of the parties must be divided according to Kentucky’s marital property laws.  This includes the ownership interests in a business or professional practice. Normally, the business would undergo an independent “valuation” to establish the value of the marital ownership interest in the …

When is Maintenance an Issue in a Louisville Divorce

When is Maintenance an Issue in a Louisville Divorce

When is maintenance an issue in a Louisville divorce case?  Not every case contains maintenance (also referred to as spousal support or alimony).  What types of cases typically involve maintenance? In general terms, maintenance is ordered when one of the parties will be placed in a more challenging economic position than the other after the divorce.  The parties may agree …

business or professional practice divided in a Louisville divorce

How is an Interest in a Business or Professional Practice Divided in a Louisville Divorce

How is an interest in a business or professional practice divided in a Louisville divorce?  How do you establish and then ultimately divide the marital interest in a business or professional practice in a Louisville divorce case?  In these cases, a “valuation” of the business or professional practice must be established in Court.  Once the valuation is established, the marital …

Mediation Helps Reduce Three Primary Factors in Divorce: Time, Emotional Stress and Cost

Mediation helps reduce three primary factors in divorce – time, emotional stress and cost.  You have much more control over your divorce in mediation than you would before a judge so take advantage of the opportunity to manage the process, make some of your own rules and enjoy one of the most beneficial strategies for any divorce: mediation. Why is …

Creating a Child Custody and Parenting Plan in Louisville

Are you concerned about creating a child custody and parenting plan in Louisville which the court will approve?  Are you struggling to resolve issues contained within aspects of child custody or parenting time because of a difficult former spouse? The partners at Dodd & Dodd each have decades of experience representing clients before Louisville and Central Kentucky family law courts.  We help …

How are Retirement Assets Usually Divided in a Louisville Divorce

How are retirement assets usually divided in a Louisville divorce case?  Here in Louisville and across the State of Kentucky retirement assets in a divorce are often characterized as “marital property” and therefore must be divided equally as part of the property division process.  If the parties retirement assets are 401(k)s the plan administrator has a Qualified Domestic Relations Order …