Every divorce is inherently unique. Couples will have different conflicts, needs and assets. There is no one-size-fits-all solution, which is why it is almost impossible for couples to know how their pending divorce will end unless they have an ironclad prenuptial...
How to reach an uncontested property division agreement
The hardest part of divorce can be figuring out how to separate your life from your spouse. Children and personal property are often the biggest hurdles a divorcing couple will need to overcome to dissolve their marriage legally. While it can be easy for a couple to...
How do you protect your business during a divorce?
If you are a Kentucky business owner and are also seeing your marriage come to an end, you'll need to take the necessary steps to protect your company because it could be considered marital property. If your estranged spouse is also a part-owner or is otherwise...
Dealing with retirement accounts during a divorce
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...
