Filing for bankruptcy can significantly affect the division of assets and debts between spouses during divorce. The "how" of this reality is guided primarily by when bankruptcy is filed in relation to when the divorce is filed, whether bankruptcy is filed jointly or...
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property division
How are art and jewelry divided in divorce?
When a marriage ends, the division of assets can be a complex and emotionally charged process. Two categories that may cause significant debate are jewelry and art collections. Understanding the difference between marital and non-marital assets is crucial. Doing so...
5 factors that influence debt division in KY divorce
When it comes to divorce, dividing assets like the family home or retirement accounts often takes center stage. However, equally important yet frequently overlooked is the allocation of debts. The mortgage on your home, joint credit card bills or loans you took out...
Do’s and don’ts during high-asset divorce proceedings
Divorce becomes more complex when it involves valuable assets. Sorting out the dissolution of marriage and child custody, if applicable, already takes time. When millions are at stake, the property division takes even longer. Spouses would have to prepare more...
3 money mistakes to avoid amid divorce
Divorce is financially taxing, and avoiding common money mistakes is helpful during this challenging time. Missteps in financial matters can have long-lasting consequences, impacting both parties' financial stability post-divorce. By steering clear of common financial...
Understanding which assets to divide during a divorce
Divorce can be a challenging and emotional process, and one of the important aspects is dividing assets. When a marriage comes to an end, it is important to navigate the division of property fairly. There are several types of assets you must consider before deciding...
Pursuing justice for financial abuse by fiduciaries
Trust is the cornerstone of financial relationships. Discovering that a fiduciary betrayed that trust can be shocking and devastating. When facing this situation, it is crucial to hold these individuals accountable. Recognizing the signs Probate cases are particularly...
Pets in a divorce: Is it a custody or property division issue?
Nowadays, most households have at least one pet they cherish and consider a family member. There usually is no dispute when it comes to a pet’s ownership. However, it becomes a sensitive issue in a divorce. When both spouses treat their pet lovingly, like a child,...
What does an equitable division of property mean in a divorce?
When a couple decides to file for divorce, one common concern is who will keep the assets you and your spouse own. Like most states, Kentucky follows an equitable division of marital property. Equitable does not necessarily mean equal. Instead, it aims for a fair and...
How do you divide household items in a divorce?
When you’re aiming to have an uncontested (not litigated) divorce, cooperation with your future ex-spouse is key – especially when it comes to dividing up the marital assets. Deciding who gets what car, what happens to the money in your savings accounts and what...
