What are the basics of a business valuation in a Louisville divorce? Why is valuation one of the most central issues in a divorce which involves a business interest or professional practice? If the business or professional practice interest was obtained prior to the marriage and a valid prenuptial agreement excludes the asset, and/or no...
If We Share Custody 50/50 Will I Have to Pay Child Support?
We are often asked “If we share custody 50/50 will I have to pay child support?” This is a valid question, especially when one considers the fact that it is quite common for parents to share custody and parenting time quite evenly. Our Family Courts generally prefer this type of arrangement whenever possible. It is...
Will Infidelity Affect Maintenance in a Louisville Divorce?
Will infidelity affect maintenance or the division of property in a Louisville divorce? Generally speaking, infidelity is not relevant to divorce proceedings in Kentucky. Kentucky is a “no fault” state, and the Court will presume the reason for the divorce is simply irreconcilable differences. How will infidelity affect maintenance in our case? The need for...
What Will the Judge Consider When Determining Maintenance?
Many clients ask us whether or not maintenance will be ordered as part of their Louisville divorce case. What will the Judge consider when determining maintenance in your case? Unlike child support, where there is a specific formula to follow, maintenance has no such formula and is based on complex Kentucky family law. There are...