Commingling Marital and Separate Property Complicates a Louisville Divorce

Commingling Marital and Separate Property Complicates a Louisville Divorce

Commingling marital and separate property complicates many Louisville divorce cases. Kentucky residents who are contemplating divorce may wonder what happens to gifts or inheritances which were given to one partner during the marriage. That often depends on whether or not the gift was commingled with marital funds. In the absence of a prenuptial agreement which specifically establishes the separate property …

Commingling Separate Property Make it Completely Marital Property

Does Commingling Separate Property Make it Completely Marital Property

Does commingling separate property make it completely marital property in a Louisville or Jefferson County Divorce? One of the most important aspects of a Kentucky divorce outside of child custody or parenting time is the characterization of property and how it is divided. If you owned property or had investments or a trust account before getting married, those assets are generally …

Does One of the Parties Have to Move Out Before a Divorce in Louisville?

How Will Our Property be Divided in a Louisville Divorce

How will our property be divided in a Louisville divorce? Kentucky is a “marital property” state. The marital assets and debts of parties considering a divorce are therefore known as “marital property.” Marital property is to be divided equally between the spouses. This includes all acquisitions during the course of the marriage, all debts incurred and the earnings of both …

When Separate Funds are used for Marital Purchases Prior to a Divorce

What is the Difference Between Separate Property and Marital Property

What is the difference between separate property and marital property in a Jefferson County or Louisville divorce? Why does the distinction between separate property and marital property matter? The short answer is found in the division of the property during a divorce. Marital property is generally divided fairly equally between the parties under Kentucky law. Separate property is not subject …

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 …

Marital Property or Separate Property

Marital Property or Separate Property in Your Divorce?

What is the difference between marital property or separate property in your divorce? Why is the “date of separation” such an important issue in your Jefferson County or Louisville divorce? When a couple divorces in Louisville, their assets and debts (or liabilities) must be carefully accounted and appropriately divided. The property, assets, retirement accounts and investments which they acquired or …

Keep Separate Property Separate from Marital Property

Keep separate property separate from marital property during a Louisville divorce

What is “separate property” in a Louisville divorce and how can you ensure to keep separate property separate from marital property during a Louisville divorce? The way you manage your separate property and conduct your affairs immediately leading up to and during the course of your divorce can make a difference in how much of the separate property you may …

How Are Your Home Assets and Debts Divided

How Are Your Home Assets and Debts Divided in a Louisville Divorce?

How are your home assets and debts divided in a Louisville divorce? The legal term for these issues is “marital property.” Marital property is to be divided equally between the parties. While this may sound easy and straight forward, the reality is completely different in many Louisville divorce cases. Marital property encompasses any asset or obligation which was obtained during …