For divorcing couples, splitting up high-value assets like real estate and retirement funds is stressful and complex. However, deciding how to divide valued possessions including family heirlooms, artwork, collectibles and antiques can be just as difficult. Often,...
Easing The Stress Of Your Family Law Matter
High-asset Divorce
Equitable marital asset distribution and determining ownership
While Kentucky requires the equitable distribution of marital assets during a divorce, the process requires distinguishing between separate and marital property. Separate property depends on acquisition before the marriage or during the marriage either from...
Valuating and dividing business and property in Kentucky divorce
You must protect your rights and interests if you are going through a high-asset divorce. That means you need to consider your financial status when things like real estate and business divisions arise. That means you need to ensure that someone conducts a proper...
Own more than one home? 3 ways to handle real estate in divorce.
According to the National Association of Home Builders (NAHB), there are approximately 7.5 million second properties throughout the country. The NAHB also found that half of these homes are in one of nine states: Florida, California, New York, Texas, Michigan, North...
Can you receive Kentucky spousal maintenance?
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...
Pros and cons of market-based business valuation
One way to achieve the American dream is to start a business venture. If you began your business during your marriage or merely used proceeds from the venture to support your family, though, your company may be part of the marital estate. Consequently, your soon-to-be...
Pros and cons of market-based business valuation
One way to achieve the American dream is to start a business venture. If you began your business during your marriage or merely used proceeds from the venture to support your family, though, your company may be part of the marital estate. Consequently, your soon-to-be...
What are factors to consider when dividing investments?
Your divorce will likely require splitting up assets between you and your spouse. Your assets may include retirement accounts or different kinds of investments. Dividing up these investments, however, is probably not as simple as divvying them up on the spot. You and...
401(k) division during a divorce
Divorce brings with it the need to divide up a number of marital assets; many people in Louisville, however, may not know that a 401(k) ranks among them. Even though one's 401(k) typically comes through their individual employer (leading most people to assume that...
Could you lose your business?
One of the hardest aspects of a divorce is dividing your lives into two separate entities. This means separating everything, which may include your business. Even if your spouse had nothing to do with running your business, he or she may still have a claim to at least...