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...
Despite what many people hope, marriage does not always last. There can be all sorts of issues in a marriage that, inevitably, lead to a divorce. While a divorce may be a solution to an unhappy marriage, there can be difficulties during the asset division process that...
The longer your marriage lasted and the more property you share with your spouse, the more complex your divorce will be. Finding a way to divide four decades' worth of income and property won't be easy, and your financial responsibilities can make that process even...
If there is one thing that Lexington is known for, it’s horses. You and your spouse got your child a horse to join equestrian clubs early in life, and you have invested significant time and money into the pet and the activities your child does. It makes total sense...