Get The Advice You Need: 502-438-9526 Speaks Spanish with "Se Habla Español"
Menu Contact

Property division and important divorce-related money issues

As Kentucky readers are well aware, divorce brings with it a myriad of financial complications that must be dealt with appropriately in order to establish a strong post-divorce future. Property division is a matter that can lead to acrimony and disputes, leading to emotionally driven decisions. A final settlement should always be based on what is best long term, not temporary feelings of anger or frustration.

Dividing marital assets is a complicated process that involves all property purchased or earned over the course of a marriage. This includes real estate, vehicles, retirement assets and much more. It is important for a person to approach this issue with a mindset of future stability, seeking an equitable share of both assets and debts in order to establish the foundation for continuity of lifestyle and retirement stability.

It is also important to consider the tax consequences of any financial decisions made during a divorce. Taxes can have a significant impact on a person's financial life after divorce, and the implications of retaining certain valuable assets or receiving spousal support should not be overlooked. By working closely with an experienced lawyer, a person can make smart decisions that allow for a sustainable post-divorce future.

Money issues and child custody are the two main reasons that couples go to court over their divorce. Kentucky readers know that while these issues are important, it is possible to avoid costly litigation and reach a settlement through negotiation. By seeking the guidance and counsel of an experienced lawyer, a person can reach sound financial footing through equitable property division.

Source: goodmenproject.com, "4 Top Money Issues In Divorce", Colin Amos, Oct. 24, 2016

No Comments

Leave a comment
Comment Information
Email Us For A Response

Get The Help You Deserve

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Office Location

Law Office of Todd K. Bolus, PLLC
600 West Main Street
Suite 500
Louisville, KY 40202

Toll Free: 800-821-4049
Phone: 502-438-9526
Fax: 502-882-5185
Map & Directions