Is TRS retirement for Kentucky teachers considered to be marital property in a Louisville or Jefferson County divorce? How will a TRS Kentucky teacher’s retirement account be handled in your divorce? We are often asked about the disposition of a teacher’s retirement account at TRS Kentucky . The Teacher’s Retirement System in Kentucky was established in 1938 to...
Retirement Accounts and Pensions in a Louisville Divorce
How will the Court handle the division of important assets such as retirement accounts and pensions in a Louisville divorce? Will the retirement accounts, pension, or benefits of either or both of the former spouses be managed? Almost every Louisville or Jefferson County divorce case involves marital property division involving retirement assets and/or pensions. The...
How is a KTRS Pension Account Handled In a Louisville Divorce
How is a KTRS pension account handled in a Louisville divorce? The Kentucky Teachers Retirement System (KTRS) provides retirement, disability and survivor benefits for Kentucky teachers, as well as their spouses and children. KTRS manages pension funds for school districts, community colleges and universities here in Kentucky. Retirement accounts can often be one of the...
How is a 401k Handled in a Louisville Divorce
How will a 401k be handled in a Louisville divorce? Retirement assets such as a 401k are considered in the same manner as "marital property" and marital contributions are usually fairly or equitably divided between the parties. Is a retirement asset the separate property of the owner, or is it a marital asset and subject...