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...
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property division
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...
Two major considerations before keeping the house in a divorce
Divorce can be so rough that it makes you hold on to things that are better off gone. A home you’ve filled with memories and love can be one of the most challenging possessions to let go of. However, keeping the home is not always the most practical thing when...
Who gets the marital business in a Kentucky divorce?
Property division is a complex process that can get more complicated with multiple properties and assets. Understanding how courts decide on dividing property and what options are available to parties can help clarify any doubts that this complex process may cast. How...
3 common ways a spouse may try to hide assets during divorce
One of the biggest issues during a divorce relates to property and asset division. While you may be upfront and honest about all your assets, there are situations where you may not be able to count on your spouse to do the same. Sometimes, your spouse may attempt to...
Do you understand Kentucky marital property law?
When a marriage ends in a divorce, one of the most important things you will need to work out is property division. For this, you will need to understand how Kentucky marital property laws work. Kentucky is an equitable distribution state, meaning that all property...
Locating hidden assets in a divorce
When spouses can't agree on how to divide their assets in a divorce, the court will intervene and give directions. Usually, state laws will steer the conversation and determine what each party will end up with if there is no binding agreement to that effect, like a...
High-asset divorces are becoming more complex
Are you one of the more than 20 million individuals in the United States who own cryptocurrencies like Ethereum, Bitcoin or Dogecoin? If you are, and if you are also going through a divorce, prepare for it to become more complicated. While some spouses may be unaware...
What happens to the vacation home when you divorce?
Your vacation home probably holds a lot of memories for you. If you have children, watching them have fun in that home during the vacations was probably a great source of joy. It might be hard to think about, but that vacation home can become the source of trouble...
3 solutions for dividing your retirement savings or pension
For some people, retirement savings are a source of personal pride. The balance in the account shows someone's ability to defer short-term gratification for long-term financial benefit. The amount someone can save is also a reflection of their professional success, as...
