When do you need to consider a prenuptial agreement? What are some of the issues a prenuptial agreement or “prenup” can and should address? Why is a prenuptial agreement beneficial for both parties prior to a marriage? The most common scenario for a prenuptial agreement occurs when two people intend to get married but one...
Financial Disclosures at the Outset of a Louisville Divorce
What do you need to know about the financial disclosures at the outset of a Louisville divorce? Both parties are required to submit Declarations of Disclosure which include a comprehensive, full, accurate reporting of income and expenses, a schedule of assets and debts. These disclosures are required of both parties regardless of who is or...
Income Earned During Your Marriage is Usually Marital Property
What are some of the implications of divorce when it comes to your finances? From an earnings perspective, income earned during your marriage is usually marital property unless you have a prenuptial or postnuptial agreement which states otherwise. Anything which was purchased, earned, contributed to or signed for from the date of the marriage until...
What Types of Income Go Into Child Support Calculations in a Louisville Divorce
What types of income go into child support calculations in a Louisville divorce? Every parent in Kentucky carries a legal obligation to provide for their children’s needs including the basics of food, clothing and shelter as well as health care and an education. Will there be child support in your divorce case? If each of...