How will the finances work during your divorce? It is important to give careful consideration to your finances and to take important steps to prepare for an impending divorce. It is important to understand that each spouse owes the other a "fiduciary duty" when it comes to every financial aspect of the divorce. This requires...
How are Social Security Benefits Managed in a Louisville Divorce?
How are Social Security benefits managed in a Louisville divorce? The number of divorces in couples over the age of 55 often referred to as "Gray Divorces" has significantly increased over the past several years. Usually the couple has been married for quite some time and crucial issues in the divorce include the division of...
What is the Date of Separation in a Louisville Divorce and Why is it Important?
What is the date of separation in a Louisville divorce and why is it important in your divorce? The date of separation establishes the date your income and assets become "separate property" from the marital property. This will impact the distribution of the marital property and potentially child and maintenance. The date of separation marks...
How to Divide the Marital Home in a Louisville Divorce
Couples who divorce in Louisville or Jefferson County often own a home as part of their marital property. Depending on the couple's situation, the home may represent the largest single asset that will be divided in the resulting property division. Kentucky is a marital property state, meaning the assets deemed to be a part of...