You have worked hard to earn what you have: your savings, investments, the house and your vacation property. Now that you are getting divorced, your spouse is expecting about half the value of those assets, which you are supposed to disclose. If you keep quiet about...
Property Division
Property Division
Don’t forget retirement assets in your divorce negotiations
With an impending divorce, you’ve got a lot on your plate. Between asset division, child custody issues, spousal support and the like, you have a lot to keep track of and negotiate for. Even so, don’t make the mistake of forgetting to leverage one of your most...
Finding hidden assets for property division during divorce
It is more than likely when two people are standing next to each other and prepared to enter into marriage that there is a great amount of trust between them as they say, I do. If that trust erodes at any point in the marriage, it could be that divorce may soon...
Considerations when selling the family home in a divorce
For many Kentucky couples, ending a marriage means dealing with the family home. If the parties decide that selling the home as part of the divorce would be the best option, they may want to consider some things prior to doing so. Below are some issues that could help...
Property division: Is your spouse breaking the law?
When you filed for divorce in a Kentucky court, you may have hoped to settle swiftly and amicably so you can leave the past behind and move on in life. You understood from the start that these life changes would have a significant impact on your children’s daily lives...
Kelly Clarkson’s reasons for divorce may mirror lots of couples
The name Kelly Clarkson is well-known to many Kentucky music lovers. Those who follow her career may already know that she and her husband, Brandon Blackstock, recently decided to divorce. After spending some concentrated time together as most people across the...
Be sure to take this step before dividing a retirement account
Many Kentucky couples make a plan to set aside money for “the golden years.” They put as much as they can into their employment retirement plans knowing that it helps them not touch it until they reach an age where they can take distributions without penalty. If the...
Commingling could turn separate assets into marital ones
Many Kentucky residents may be considering the possibility of divorce. As they contemplate unraveling their assets and debts, they may be under the impression that certain separate assets remained that way throughout the marriage. However, it is possible that those...
Property division in Kentucky looks to be fair, not equal
Getting a divorce isn’t easy, and figuring out the rules of separation can be just as hard. You’ll have to untangle your lives from each other, and that begins with sorting out everything you own. Kentucky uses the rules of equitable division when splitting assets in...
How equitable distribution works in Kentucky
When going through a divorce, one of the most important issues that you have to deal with is the division of your marital assets. The way that marital assets are divided can profoundly affect the way that you are able to live your life after the divorce. Asset...