What is “valuation” and why is valuation so important in a Louisville divorce case? The issue of valuation is associated with marital property division and how the debts and assets of the parties are characterized and ultimately divided. We’ve covered the concepts of “marital property” and “separate property” extensively on this site, so this discussion...
Date of Separation and Legal Separation in Louisville
What is the relationship between the date of separation and legal separation in Louisville? Why would spouses seeking to end their marriage consider a legal separation instead of completing the divorce process? Let’s take the second question first. Why would anyone considering the end of their marriage choose to go through a legal separation? The...
Are There Louisville Divorce Cases Where Mediation May Not Be Effective
Are there Louisville divorce cases where mediation may not be effective? Divorce cases will usually involve mediation unless the parties are in complete agreement. The core issue in this conversation is the fact that the cost of your divorce and the time it will take are directly and inextricably tied to the amount of disagreement...
All Property in a Divorce is Not Marital Property
When it comes to a Louisville divorce many people are surprised to learn that all property in a divorce is not marital property. Marital property is basically established as any asset or debt attained by either or both parties from the date of the marriage until the date of separation with a few exceptions. While...