How are Social Security Benefits Managed in a Louisville Divorce

How are Social Security Benefits Managed in a Louisville Divorce?

How are Social Security benefits managed in a Louisville divorce?  The number of divorces in couples over the age of 55 often referred to as “Gray Divorces” has significantly increased over the past several years. Usually the couple has been married for quite some time and crucial issues in the divorce include the division of marital property, business ownership, maintenance …

Marital Settlement Agreement Binding

Is a Marital Settlement Agreement Binding Prior to the Finalization of Your Divorce?

Is a marital settlement agreement binding prior to the finalization of your divorce? A “Marital Settlement Agreement” is a document which stipulates the agreement between the two spouses regarding all elements of their divorce. This usually includes the division of assets and debts as well as terms including but not limited to: child custody and parenting time child support maintenance …

Retirement Divided in Divorce When Only Part of the Years Served

How is Retirement Divided in Divorce When Only Part of the Years Served Were During the Marriage

How is retirement divided in divorce when only part of the years served were covered by the duration of the marriage? This is a question of “marital property” and “separate property” and a recent Appeals Court case sheds some light on this issue. For example, if the retirement in question was based upon 30 years of service and the marriage …

Handle a Family Business During a Divorce

How Do You Handle a Family Business During a Divorce

How do you handle a family business during a divorce?  Can you keep the business running while ownership and associated property division issues are resolved? Kentucky business owners who get divorced could face crucial issues regarding the viability and division of a family owned company or business.  This is why it is so important to consider a prenuptial agreement to …

Property Distribution in a Louisville Divorce

Property Distribution in a Louisville Divorce isn’t Just Dividing All Assets in Half

Property distribution in a Louisville divorce isn’t just dividing all assets in half and giving each former spouse their 50% share.  Here in Kentucky, marital property is usually to be divided equally and equitably between the parties .  However, this doesn’t mean you sell every asset, pay off every debt and divide the remaining money equally between the parties.  Part …