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...
How are Retirement Accounts Usually Divided in a Louisville Divorce?
How are retirement accounts usually divided in a Louisville divorce? Retirement assets in a divorce are usually characterized as "marital property" and therefore must be divided equally as part of the marital property division process. If the parties' retirement assets are 401ks the Court must issue separate orders for the division of the retirement asset. ...