What are a few of the assets which are frequently missed or inaccurate during a divorce disclosure? Why is it important to ensure attention to detail when completing financial disclosures during a divorce? One of the first tasks one must complete at the outset of a Louisville or Jefferson County divorce is the disclosure of...
Are Debts and Property Treated Equally in a Louisville Divorce?
Are debts and property treated equally in a Louisville divorce? How will your personal property, vehicles, real property, investments, retirement accounts and pets be divided during the division of marital property? The first concept to understand is the difference between “marital” property and “separate” property. Marital property is generally defined as any asset or debt...
How Are Your Home Assets and Debts Divided in a Louisville Divorce?
How are your home assets and debts divided in a Louisville divorce? The legal term for these issues is "marital property." Marital property is to be divided equally between the parties. While this may sound easy and straight forward, the reality is completely different in many Louisville divorce cases. Marital property encompasses any asset or...