Below you'll find a list of all posts that have been tagged as “separate”
Why do you need an attorney when there is a business in a Louisville divorce? Do you or your soon-to-be former spouse own a small company or have business interests or a professional practice? Did you know that the valuation and division of the marital property interest in a business asset is one of the most contentious, financially and legally …
When it comes to a Louisville divorce many people are surprised to learn that all property in a divorce is not marital property. Marital property is basically established as any asset or debt attained by either or both parties from the date of the marriage until the date of separation with a few exceptions. While the date of separation itself …
What happens to a Louisville small business in a divorce? If you own a small business you have in all likelihood invested a huge amount of your own time, money, sweat, work, thoughts and action to start and build your company. The key issue in these complex divorce cases is the characterization of the business asset itself in terms of …
What is usually considered to be separate property in a Louisville divorce? What is the difference between marital property and separate property during the property division phase of a divorce? Prenuptial and postnuptial agreements can have a substantial impact on these issues. One of the first issues in a divorce is to characterize the assets and debts of each former …
What are a few examples of separate property in a Louisville divorce case? Once all of the assets and debts are clearly established in the process of property division, one of the next steps is to identify those assets and debts which are “marital property,” those which are to be considered as the “separate property” of either spouse and those …
What is commingled property in a Louisville divorce and how does that affect the division of marital property? One of the most complex issues in almost any divorce is the division of assets and debts. People have strong feelings about specific property as well as money. One of the first concepts you will come to understand in your divorce is …
How do you prove an asset is separate property in a Louisville divorce? Generally speaking, any asset (or debt) acquired prior to the date of the marriage or after the date of separation is the separate property of the owner as long as marital funds, assets or labor weren’t commingled in some way during the course of the marriage. This …
How is an inheritance handled in a Louisville divorce and what do you need to know if you received an inheritance during the marriage or may expect one during the process of the divorce itself? Is an inheritance considered to be marital property or a separate asset? Let’s handle the issue of marital property verses a separate asset first. Here …
We are often asked how the Court will differentiate marital property from separate property in a Louisville divorce case. You are required to fully, truthfully and accurately disclose all assets, property, investments, retirement accounts, business or professional practice interests, collections, debts, obligations, loans and credit cards to the Court at the outset of your divorce. You will be required to …
Are you wondering how your property will be divided in a Louisville divorce? Who gets what? How should you approach the division of your assets and debts? There are a few things you need to know about how your property will be divided in a Louisville divorce. Generally speaking: Any asset or debt which was acquired by either or both …