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...
What does “incident to the divorce” mean in asset transfers?
As you and your spouse are dividing up property in your divorce, you may be transferring assets that are in one of your names to the other person. Maybe, for example, you’re transferring some investments in your name to your spouse. Whether it’s a home, a vehicle or...
Changing your perspective about property division in Kentucky
In our time serving divorcing residents of Louisville, Kentucky, we have seen people view property division in two common ways. A husband or wife, for example, may be angry with their spouse and are eager to secure any property possible in their divorce. Another...
Why you must have a business valuation performed pre-divorce
One of the biggest fears that spouses have when they find out that they'd headed for divorce is losing their valuable assets like their home, cars, collectibles, investment portfolio or their family business to their spouse. This is a particularly pressing matter that...
What is equitable division?
Divorce causes a lot of emotional and financial stress. An individual may find themselves incapable of financial independence right after a marriage. This may be a factor that keeps a spouse in a non-functional marriage. Because Kentucky is an equitable division...
