There is one clear lesson you need to know about Louisville Family Law Courts: You should never attempt to hide assets in a Louisville divorce. Attempting to conceal an asset or substantially reduce it's reported value is illegal and almost always discovered. Here in Kentucky, divorcing spouses owe each other a "Fiduciary Duty." They must...
When a Business Asset in a Divorce is Losing Money
What happens when a business asset in a divorce is losing money? In a Louisville divorce all assets of the parties must be divided according to Kentucky’s marital property laws. This includes the ownership interests in a business or professional practice. Normally, the business would undergo an independent “valuation” to establish the value of the...