Divorce is often difficult, and it can be especially difficult for couples who are older and thus have larger retirement accounts to worry about. States such as Kentucky have what is called marital property within their laws. That means anything that was introduced or...
How to include retirement accounts in the division of property
Kentucky residents negotiating the division of property during a divorce might also look at their spouses’ retirement accounts and how payments from these accounts should be included in the divorce settlement. While many people forget to include retirement accounts in...
How adultery affects property division in Kentucky
One of the biggest reasons for the majority of divorces in the country and state is infidelity. But does it only cause an end in marriage or does it further affect other aspects of marriage, such as finances? What happens when a marriage ends as a result of...
Dividing up a 401k in your divorce
Depending on the circumstances surrounding the end of your marriage in Louisville, your divorce may come as a welcome relief. What you may not welcome, however, is the financial uncertainty that it may bring (particularly if you were not the primary income earner in...
Who takes ownership of the family business in a divorce?
Kentucky divorce courts generally divide a family business under the Bluegrass State’s equitable distribution system, which means each individual receives his or her fair portion. A company started during a marriage legally belongs to both spouses, and during a...
How a judge decides “fair” property division
When you face a Kentucky divorce, you may worry that your spouse will walk away with your most prized possessions, or that you will not have enough to live on. At Gibson Law Offices, we have a deep understanding of how the property division process works in Kentucky...
Why are liquid assets important in a divorce?
There are different types of assets that can be divided up by a divorce court. Some assets are classified as liquid assets. These assets should not be overlooked in importance as you prepare to divide your property between you and your spouse. If you end your divorce...
Help dividing complex assets
In certain circumstances, property division during a divorce can be very complicated. Complex situations may arise when a divorcing couple owns a business together or when complex assets, such as a family business, must be valuated and divided. A variety of complex...
What is marital property?
Marital property is the classification of property that is divided upon divorce which is why it is essential for divorcing couples to understand what marital property refers to. The other common type of property, in additional to marital property, is separate property...
Dividing property in a divorce
There are many reasons a marriage might end in divorce, and most of them involve some unpleasant emotions. However, divorce itself is a legal process, and the bulk of the work in that process is often devoted to property division. This is the process within divorce in...
