The Washington Post recently noted that the divorce rate for those over the age of 50 - often referred to as "Gray Divorce" - has more than doubled since 1990. More than half of gray divorce or divorce after the age of 50 cases are the first marriage for each party, and the majority have...
How to Determine the Value of Business Goodwill in a Louisville Divorce
What is “goodwill” and how does one determine the value of business goodwill in a Louisville divorce? Does goodwill only apply to an individual or does it apply to a company as well? A divorce which involves a closely-held business or professional practice is not only legally and financially complex, it will often be quite...
What Happens When Divorcing Spouses Co-Own a Business in Louisville?
What happens when divorcing spouses co-own a business in Louisville? What happens to the business during marital property division? When the soon-to-be divorcing spouses co-own a business in Louisville they must give serious consideration to this important asset and how it will be handled during the course of the divorce. What is to become of...
How Do You Find Hidden Money and Assets in a Louisville Divorce
How do you find hidden money and assets in a Louisville divorce? What should you do if you suspect your former spouse is attempting to transfer or hide assets or money to relatives or simply under-report things to the Court? While it may be understandable that people want to keep as much as they can...