When Bill and Melinda Gates announced their divorce in early May, the world was shocked. No one had suspected that this power couple's 27-year year marriage was on the rocks, and it sent shock waves throughout the tech industry, the philanthropic sector and the...
No couple wants to think about a potential split before they've tied the knot. However, if you or your partner own a business or if you are wanting to safeguard your assets, you may decide to pursue a prenuptial agreement. Do you need to hire an attorney for a prenup?...
Believe it or not, there is no specific statute in Kentucky which tells the court how to divide marital debts. Generally, the debt "follows" the asset. But all debts incurred during a marriage are not automatically deemed to be "marital" in nature. Courts in Kentucky...
The entry of a Decree of Dissolution does not necessarily put a final end on legal issues arising out of your marriage. First, there are many things you will need to take care of personally (i.e., changing your name on your Social Security card and driver’s license,...
Previously it was almost unheard of for a couple to divorce after 30, 40 or 50 years of marriage, but that’s no longer the case. It is also much more common for people to be in a second or third marriage by the time they approach retirement age. Like it or not, many...
Every divorce action is different and unique. Every marriage has its own special circumstances. The information below will be useful to you in understanding the general process common to many divorce actions undertaken in the Commonwealth of Kentucky. In a nutshell,...
If your spouse earns a much higher income and you divorce, you may wonder how to survive as a single household. In Kentucky, you can ask the court to make an alimony determination. Review the factors the state uses to decide about alimony, sometimes called...
Kentucky's traditional divorce process essentially turns spouses into legal adversaries. This makes sense for many divorcing couples, but it is not the only option. As the name implies, an uncontested divorce is one in which the spouses have nothing to fight over....
When you choose to seek bankruptcy protection in Kentucky, one of the more important decisions accompanying this choice will be the chapter you choose to file under. You might immediately see some of the benefits of filing under Chapter 7 (by far the most popular form...
If you have a mortgage, car or retirement account in Tennessee, you may hesitate to file for bankruptcy, fearing the loss of your property. Unlike many of the myths surrounding this process lead you to believe, you can often keep many of your assets. According to the...