What is Marital Property in a Louisville Divorce - Family Law

What is Marital Property in a Louisville Divorce

What is marital property in a Louisville divorce?  Kentucky is known as a “Marital Property” state in terms of how marital property is characterized and ultimately divided during a Jefferson County or Louisville divorce.  In Kentucky, the spouses are entitled to equal interest in all “marital property.”  Marital property refers to property you or your spouse obtained as well as …

Home Assets and Debts Divided in a Louisville Divorce

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 debts, assets and property are 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. Community property encompasses any asset or obligation which …

Prenuptial Agreement Isn't a Prediction of Future Divorce

A Prenuptial Agreement Isn’t a Prediction of Future Divorce

A prenuptial agreement isn’t a prediction of future divorce.  In fact, the process of developing and implementing a prenuptial agreement can help to establish a stronger relationship between the parties and increase the likelihood of success for the coming marriage. Over the years prenuptial agreements have gotten a really bad reputation, carrying a stigma based on the common myth “it …

Careful Planning is an Important Step in Divorce

Careful Planning is an Important Step in Divorce

Careful planning is an important step in a divorce in Louisville.  This planning should occur before a spouse informs their partner they intend to end the marriage, and takes consistent action after that date to bring the marriage to conclusion. Why is careful planning so important when considering or preparing for a divorce in Louisville?  Several important issues arise during …

separate property in a Louisville Divorce

What is Separate Property in a Louisville Divorce Case?

What is separate property in a Louisville divorce case?  Kentucky is an “equitable distribution” state when it comes to marital property.  This simply means all debts and assets acquired by either or both of the parties during the term of the marriage (with a few exceptions) are considered to be marital property and are usually divided equally between the parties. …