If you are going through a divorce in Kentucky, you need to know about a handful of issues that will affect you. One of those issues involves your vehicle. It's likely that each of you has a car. So, what happens to the cars when you get divorced? Do you each keep...
Property Division
Why couples shouldn’t have separate credit cards
Millions of people in the United States who are married have separate credit cards. Some of these married people keep the separate credit accounts hidden from their spouses, while others openly use the separate accounts to buy whatever they deem necessary in life....
The reasons for separate bank accounts during marriage
If you are preparing to tie the knot this summer in Kentucky, there are some issues that need to be discussed with your future spouse. Some of those issues include whether or not you want children, where you want to live, if there will be a prenuptial agreement signed...
Tips for keeping separate property separate in a marriage
Preparing for marriage is stressful. You have so much to plan, including the location, the honeymoon, where you will live and more. One thing you need to plan for is keeping separate property separate once you become a married person. There are some key steps you can...
Financial steps to take prior to getting a divorce
When you hear your spouse utter the word divorce for the first time, you will be shocked, saddened, disheartened, stressed and very emotional. Even if you had a sinking feeling in the back of your mind that this day would come, it is still difficult to wrap your head...
The complexity of financial gifts and divorce
Financial gifts can become quite a problem when a couple decides to get divorced in Kentucky. Many people understand what assets can and cannot be divided when filing for divorce. However, many don't understand what happens with financial gifts that have been received...
Is your spouse trying to hide assets that belong to you?
Divorce is seldom easy, even when both spouses agree it's best to go their separate ways. If you're one of many spouses in Kentucky preparing for divorce proceedings at this time, you may have already overcome several challenges as you resolve various issues that...
The importance of the valuation date
In order to divide non-monetary assets, you may need to have a valuation done. The assets could be worth more or less than you paid for them, so never assume that purchase price determines their worth. For instance, perhaps you bought your home for $200,000. The...
Does my business qualify as marital property?
When divorce arrives on the scene of any marriage, it is not always easy to know where to draw the line between legitimately protecting your interests and treating your divorce fairly. This is particularly difficult for spouses who own a business. Unlike other assets,...
Should you keep your home after divorce?
When a couple who owns a home divorces, determining how to address this significant asset is often one of the most crucial aspects of the entire process. For many couples, the home they bought as a part of their married life together is the single largest asset either...