Helping You Protect Your Most Valuable Assets
How Kentucky Divides Property In A Divorce
In the state of Kentucky, the principle of equitable distribution is followed when it comes to dividing a business, real estate and other property—but only if it’s classified as marital property.
Although you may own and operate your small or family business, if you created it or assumed ownership while married, it may very well be marital property.
Real estate follows a similar pattern. The property is likely to be considered marital if:
- It was purchased during the marriage
- It was purchased with assets that both spouses had access to and control of
- Both spouses were listed on the title
- The property benefited both spouses, as in both resided or visited there
The Importance Of Conducting A Through Investigation
To assert that a business or real estate property is separate property and not subject to division in a divorce, it is important to conduct a thorough investigation.
Seeking the help of an experienced attorney is important to making sure the investigation is done right.
Let Us Help
At Hoge Partners, PLLC, our lawyers have many years of experience helping people throughout Jefferson County classify their property.
Attorney Jim Murphy has extensive knowledge in the areas of business and real estate law. This can be instrumental in valuing and protecting the most complex of businesses or investment properties. Both Ruth Wilkerson and Jim Murphy have handled complex business and real estate marital assets and can assist in your divorce case as well.
We understand that a family business, such as a medical, dental or accounting practice, or a particular real estate asset can be extremely important and a concern among divorcing parties.
We frequently work with forensic accountants and qualified financial experts to trace non-marital assets, value your business, prove sole ownership of real estate properties, and more.
Discuss Your Concerns With Us Today
Assets you have built through the years are important. Let us help you protect them. Contact our Louisville office by phone at 502-996-8069 or by email to learn how we can assist. We offer free 15-minute initial phone consultations.
How Kentucky Divides Property In A Divorce
In the state of Kentucky, the principle of equitable distribution is followed when it comes to dividing a business, real estate and other property — but only if it’s classified as marital property.
Although you may own and operate your small or family business, if you created it or assumed ownership while married, it may very well be marital property.
Real estate follows a similar pattern. The property is likely to be considered marital if:
- It was purchased during the marriage
- It was purchased with assets that both spouses had access to and control of
- Both spouses were listed on the title
- The property benefited both spouses, as in both resided or visited there
The Importance Of Conducting A Through Investigation
To assert that a business or real estate property is separate property and not subject to division in a divorce, it is important to conduct a thorough investigation.
Seeking the help of an experienced attorney is important to making sure the investigation is done right.
Let Us Help
At Hoge Partners, PLLC, our lawyers have many years of experience helping people throughout Jefferson County classify their property.
Attorney Jim Murphy has extensive knowledge in the areas of business and real estate law. This can be instrumental in valuing and protecting the most complex of businesses or investment properties.
We understand that a family business, such as a medical, dental or accounting practice, or a particular real estate asset can be extremely important and a concern among divorcing parties.
We frequently work with forensic accountants and qualified financial experts to trace nonmarital assets, value your business, prove sole ownership of real estate properties and more.
Discuss Your Concerns With Us Today
Assets you have built through the years are important. Let us help you protect them. Contact our Louisville office by phone at 502-996-8069 or by email to learn how we can assist. We offer free 15-minute initial phone consultations.
