Property division is one of the many complex issues you must navigate after a divorce. You and your ex-spouse will decide how to split your marital possessions during this process. To prepare for this step, you should explore all options for settling a reasonable...
When owners of a family business go through a divorce, the impact on their company can be significant. Navigating the division of assets, determining the business's value and deciding on future ownership are complex processes that require careful consideration. In...
Property division in divorces usually involve dividing the marital house, vacation properties, businesses, motor vehicles and the like. However, some cases involve distributing unusual assets that may make property division confusing and complex. This includes...
When Kentucky couples get a divorce, there are many issues to sift through. Among the most complicated is how to divide property. Kentucky uses the equitable distribution model. That means the court strives for fairness when determining who should get what property....
It is no secret that divorce can be a lengthy and costly process, and if you are going through it, you would wish for the procedure to flow as smoothly as possible. Unfortunately, some circumstances can block you from realizing that wish, one of which is hidden...
If you’re getting divorced, one of the decisions you have to make is what to do with your home. This could be a home that you purchased with your spouse after getting married. That makes it a marital asset, so some type of property division has to be carried out. The...
Younger divorcing couples often have to worry about financial penalties related to the early withdrawal of retirement savings. Taxes and penalties can potentially reduce the total balance of a retirement account. There are two primary tactics that can help people...
In a typical divorce, only marital assets are up for division. Everyone gets to keep their separate property. But what happens to assets when it’s hard to determine whether they belong to one spouse or both? There is a term for that -- commingled assets. It’s...
You and your spouse are divorcing and trying to keep it amicable. You have already determined your custody arrangements for your minor children. All that remains is the division of marital property. Here, you’ve run into problems. Neither of you wants to give on the...
When couples enter a marriage, they enter with trust and the assumption that their union will last. Unfortunately, not all marriages are destined to stand the test of time, often leading to divorce. That's why it may be wise for couples to consider a postnuptial...