Below you'll find a list of all posts that have been tagged as “marital”
What is “valuation” and why is valuation so important in a Louisville divorce case? The issue of valuation is associated with marital property division and how the debts and assets of the parties are characterized and ultimately divided. We’ve covered the concepts of “marital property” and “separate property” extensively on this site, so this discussion is going to focus on …
Why do you need an attorney when there is a business in a Louisville divorce? Do you or your soon-to-be former spouse own a small company or have business interests or a professional practice? Did you know that the valuation and division of the marital property interest in a business asset is one of the most contentious, financially and legally …
What happens to a Louisville small business in a divorce? If you own a small business you have in all likelihood invested a huge amount of your own time, money, sweat, work, thoughts and action to start and build your company. The key issue in these complex divorce cases is the characterization of the business asset itself in terms of …
What is usually considered to be separate property in a Louisville divorce? What is the difference between marital property and separate property during the property division phase of a divorce? Prenuptial and postnuptial agreements can have a substantial impact on these issues. One of the first issues in a divorce is to characterize the assets and debts of each former …
What are a few examples of separate property in a Louisville divorce case? Once all of the assets and debts are clearly established in the process of property division, one of the next steps is to identify those assets and debts which are “marital property,” those which are to be considered as the “separate property” of either spouse and those …
What does an equitable property division solution look like in a Louisville divorce? Many people believe marital property is split right down the middle between divorcing parties in Louisville. This isn’t the case and Kentucky Family Law doesn’t specify a 50/50 split. How do the concepts of “fair” and “equitable” apply in these cases? Marital property in Kentucky means all …
Many people believe marital property is split right down the middle between divorcing parties in Louisville. This isn’t the case and Kentucky Family Law doesn’t specify a 50/50 split. What does a fair property division solution look like in a Louisville divorce? How do the concepts of “fair” and “equal” apply in these cases? Marital property in Kentucky means all …
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 the date of separation will …
How do you prove an asset is separate property in a Louisville divorce? Generally speaking, any asset (or debt) acquired prior to the date of the marriage or after the date of separation is the separate property of the owner as long as marital funds, assets or labor weren’t commingled in some way during the course of the marriage. This …
Why is the date of separation in a Louisville divorce so important? Simply put, the date of separation is the legal point at which the marriage comes to an end and future earnings and acquisitions can become the separate property of the former spouses. From a legal perspective, the date of separation in a Louisville divorce is a key factor …