Kentucky residents like you may run into some trouble with asset division during divorce if you have over a certain amount of assets to your name. Today, Lisa L. Johnson, attorney at law, will discuss the limitations of high assets and how they can create potential hurdles.
Kentucky is an equitable distribution state, which means that you and your spouse would probably not have to split everything down the middle if you got a divorce. This is often a beneficial situation when it comes to various types of assets in which you feel you hold more interest than your soon-to-be ex.
As you and other Kentucky residents are aware, life can be complicated for parents after a divorce. They often have to deal with child support, visitation schedules and conflicting parenting ideals, and they often do not get along. What if you have no children, but you and your ex-spouse have a pet you both love? Do you face the same sort of difficulties as divorced couples who have children?
Works of art can hold so much value that they can even be more valuable than the homes that contain them. That is why when Kentucky couples that own high priced paintings seek a divorce, the battles over who gets the artwork can be fierce, almost as acrimonious as some child custody fights. A successful division of art in a divorce rests upon taking key steps.
You’re suing your husband for divorce. You’ve hired a divorce attorney, and you’ve requested all of the necessary financial records from your ex. But he’s been delaying—a lot. When he finally hands over his records, they’re a complete mess—you can barely make sense of them. And you have a sneaking suspicion he’s trying to hide something. A lack of clarity regarding your husband’s financial landscape puts you in a vulnerable position.