Your spouse asking you to sign a prenuptial agreement seemed like a bad omen and now you are proved right. After a few short years of marriage, your relationship has deteriorated to the point where you are divorcing. Not only do you wish you had never married them,...
Complex Property Division
What constitutes complex property division in a Kentucky divorce?
Many factors can make your divorce complicated, particularly matters involving children and marital property. If not for those two issues, most divorces would be a simple and relatively quick process. Since most couples in Lexington share children and assets, an easy...
How hard will divorce hit your retirement accounts?
The closer you are to retirement age, the more likely you are to worry about not having enough to live on once you stop working. If you complicate years of planning and savings by divorcing now, you may worry about what that means for your quality of life or whether...
Commingling assets could put them at risk in a divorce
When divorcing in Kentucky, one of the most challenging tasks will be to divide your marital assets. That process is one of the primary reasons that many divorces escalate and become expensive (and time-consuming) legal battles. Things can be even worse, however, if...
Who gets the children’s assets when the parents divorce?
Dividing your marital assets between you and your spouse may feel complicated enough, but what happens when you throw your children’s assets into the equation? Do they even own anything, or do you and your ex actually own those items? It may seem simple enough, but...
Can your spouse take part of your inheritance in a divorce?
Combining finances is a big part of sharing your life with a spouse. Separating your finances often turns out to be one of the biggest challenges in getting a divorce. You and your ex probably have very different ideas about what a fair divorce outcome would look like...
Why should you work with a forensic accountant?
Forensic accountants could play an important role in your divorce if you believe that your spouse is hiding assets. Hiding assets is illegal since both parties are expected to fully disclose their finances, but some people will attempt to do so anyway. They may...
Family-owned business can pose a challenge in divorce
A family-owned business is the financial support for many households, but that same business can cause considerable challenges during a divorce. In the absence of a prenuptial agreement, the fate of the business has to be determined as part of the divorce. Because the...
What happens to your retirement savings in a divorce?
When you and your spouse begin planning and saving for retirement, you likely looked at what your joint expenses would be as a marital household. You may have had to make sacrifices over the years in order to continue contributing appropriate amounts to your...
How can you divorce without a laundry list of problems?
If you are in the middle of a divorce, there is no reason why you should not be interested in how to make your divorce the least painful you can. Forbes has tips on how to have a divorce with fewer issues. You cannot spend your time looking at your ex-partner as your...