Many people believe marital property is split right down the middle between divorcing parties in Louisville. This isn’t the case and Kentucky Family Law doesn’t specify a 50/50 split. What does a fair property division solution look like in a Louisville divorce? How do the concepts of “fair” and “equal” apply in these cases? Marital...
What is a PVD in a Louisville Divorce (Preliminary Verified Disclosure)
What is a PDD in a Louisville divorce? One of the first documents you will be required to complete during a Louisville divorce is the Preliminary Declaration Disclosure or the PDD. The PDD is intended to provide a transparent, accurate and complete disclosure of all known assets and liabilities to the other party. Your former...
What is Commingled Property in a Louisville Divorce?
What is commingled property in a Louisville divorce and how does that affect the division of marital property? One of the most complex issues in almost any divorce is the division of assets and debts. People have strong feelings about specific property as well as money. One of the first concepts you will come to...
How Do You Prove an Asset is Separate Property in a Louisville Divorce
How do you prove an asset is separate property in a Louisville divorce? Generally speaking, any asset (or debt) acquired prior to the date of the marriage or after the date of separation is the separate property of the owner as long as marital funds, assets or labor weren’t commingled in some way during the...