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...
The Valuation of a Business Interest in a Louisville Divorce
What is the process for establishing the valuation of a business interest in a Louisville divorce? How will the ownership of a business or Louisville area professional practice be handled in your divorce? The division of a valuable marital asset such as retirement accounts or business-related assets are both legally and financially complex. This is...
The Fiduciary Duty of Each Spouse During a Louisville Divorce
What is the fiduciary duty of each spouse during a Louisville divorce? What is a fiduciary duty and how can this impact the outcome in your divorce case? From a legal standpoint, Kentucky family law establishes this fiduciary duty as the legal responsibility to conduct all financial affairs, make accurate and full disclosures and generally...
Reduce Financial Risks During Your Louisville Divorce
What steps can you take to reduce financial risks during your Louisville divorce? What are the important financial decisions you may face during the course of your divorce and what are some effective strategies for making sound decisions? It is not uncommon for emotions to impact important issues in your divorce. The key is to...