If you are a business owner or you a divorcing a business professional or owner of a company there will be many questions about dividing a business related marital asset in a Louisville or Kentucky divorce. If the business was purchased during the course of the marriage, or marital assets were used to support the business it...
Who Gets the Home in a Louisville Divorce?
Who gets the home in a Louisville Divorce? We are often asked this question, however there is no simple answer to the ultimate disposition of your home at the outset of a divorce. The family home represents many things to both parties in a divorce. There are many components: financial, emotional, impact on the children,...
Can my Ex claim part ownership of my LLC in our Louisville Divorce?
We are often asked: Can my ex claim part ownership of my LLC in our Louisville divorce? Business ownership can complicate a divorce, particularly when one spouse claims part ownership of a closely-held business interest. If one spouse owned the business prior to the marriage, then it is possible that the court will consider the...
What is a QDRO?
What is a QDRO in context of a Louisville divorce? How are retirement plans and accounts managed in a Louisville divorce? A Qualified Domestic Relations Order (QDRO) is a legal order which tells the administrator of a retirement vehicle to divide the plan or account, as well as how to do so. Retirement plans such...