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...
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property division
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...
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...
