How will marital property be divided in a Louisville divorce? Kentucky is a "marital property" state. The marital assets and debts of parties considering a divorce are therefore known as "marital property." Marital property is to be divided equitably between the spouses. This includes all acquisitions during the course of the marriage, all debts incurred...
How Are Your Assets and Debts Divided in a Louisville Divorce?
How are your assets and debts divided in a Louisville divorce? Here in Kentucky, our Family Courts will refer to this as the division of "marital property." All marital assets, property and debts are to be divided equitably between the parties. What does "equitably" mean in this context, and why is the division of marital...
What is Usually Marital Property in a Louisville Divorce
What is usually marital property in a Louisville divorce? Kentucky is known as a "Equitable Distribution" state in terms of how marital property is characterized and ultimately divided during a Jefferson County or Louisville divorce. In Kentucky, the spouses are entitled to the equitable division of all property you or your spouse obtained as well...
What is the Difference Between Marital and Separate Property
What is the difference between marital and separate property in a Jefferson County or Louisville divorce? Why does the distinction between separate property and marital property matter? The short answer is found in the division of the property during a divorce. Marital property is generally divided equitably between the parties under Kentucky law. Separate property...