Business assets are a complex challenge in a Louisville area divorce case. Kentucky divorces involving large, substantial assets, retirement accounts and pensions, as well as professional practices or privately held companies, by their very nature, carry significant financial, legal, and tax implications for your divorce. An ownership interest in an LLC, S corporation, C corporation,...
When Separate Assets are Commingled with Marital Property
What happens when separate assets are commingled with marital property or labor prior to the date of separation or a divorce in Louisville? Here in Kentucky, when a spouse has money or assets prior to the date of the marriage (or after the date of separation) these are usually considered to be the "separate property"...
Retirement Accounts and Pensions in a Louisville Divorce
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...
Will You Pay Maintenance our Spousal Support in Your Louisville Divorce?
Will you have to pay maintenance or spousal support in your Louisville divorce? Kentucky family law does not provide a specific type of spousal support (referred to as maintenance here in Kentucky) calculator. Instead, our laws provide several issues the Judge must consider when evaluating the need for, amount, and duration of maintenance or spousal...