Is Kentucky TRS Retirement for Teachers Marital Property in a Divorce?

Is Kentucky TRS Retirement for Teachers Marital Property in a Divorce?

Is Kentucky TRS retirement for teachers marital property in a Louisville or Jefferson County divorce? How will a Kentucky TRS teacher’s retirement account be handled in your divorce? We are often asked about the disposition of a teacher’s retirement account at Kentucky TRS. The Kentucky Teacher’s Retirement System was established in 1938 to provide disability, retirement and survivor benefits for …

Minimize Financial Risks During Your Divorce

Minimize Financial Risks During Your Divorce

What steps can you take to minimize financial risks during your divorce? What do you need to know about financial aspects of your divorce and the basis for making sound decisions? Some Kentucky couples going through a divorce might be familiar with the process because of prior marriages. However, most of those contemplating or going through a divorce are unfamiliar …

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 …

Retirement Assets and Property Division in a Louisville Divorce

Retirement Assets and Property Division in a Louisville Divorce

How are issues such as retirement assets and property division in a Louisville divorce going to be handled? Does the social security, retirement accounts, retirement benefits or the pension of either or both parties come into play? Almost every Jefferson County or Louisville divorce case involves the division of retirement assets. The experienced divorce attorneys at Dodd & Dodd provide …