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...
When Separate Funds are used for Marital Purchases
What happens when separate funds are used for marital purchases prior to a divorce? This occurs when one of the spouses uses money or assets they had prior to marriage (known as "separate property") to purchase an asset which is classified as marital property in a divorce such as the family home. How do you...
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...
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...