May 2016 Archives

Kentucky couples may need to consider state laws in divorce

Ending one's marriage can be one of the most difficult experiences a person can face. Most people get married truly believing in the commitment they make to be with their partner forever. However, the union may encounter difficulties that are insurmountable, and in those circumstances, a divorce can be the only way out. While most may believe that divorce laws are consistent throughout the country, many Kentucky readers may be interested in the fact that laws vary widely based upon the state in which a divorce is filed.

A "gray" divorce may significantly impact Kentucky couples

Going through the dissolution of a marriage, including asset division, can be difficult even in most any situation. A "gray" divorce, or a divorce between people over the age of 50, presents a unique set of challenges that are generally not as important or prevalent in divorces between younger couples. A recent article details some of the particular considerations that Kentucky couples may want to contemplate if they are pursuing a divorce later in life.

What Happens With a Family Business in a Divorce?

Family businesses are normally owned by both spouses, so when a marriage breaks up, it puts the state of the business in limbo. This can be especially worrisome in situations where income from the business is the main thing fueling the family's livelihood. The break-up of a marriage is one thing, dissolving a business is another, and just because there is a divorce it doesn't mean the business relationship has to be over. It all depends on the nature of the business and each person's ability and willingness to look at the business relationship as something separate from the personal relationship. Depending on the specific situation, there are generally three options:

Tips for raising the subject of a prenuptial agreement

Conventional wisdom may offer much advice on the timing of a wedding proposal, but is there a good time to raise the subject of a prenuptial agreement?  Our law firm believes that the way in which this topic is raised can be even more important than its timing, provided that the agreement is executed before the marriage ceremony.

Signs your spouse is hiding assets

While no two marriages are alike there are certain matters that must be addressed in the course of any divorce. In many cases the most contentious issue is the way in which the shared marital property is divided. Depending on the assets the couple held, the process can be complex. In any divorce the first step will be determine exactly what is considered marital property. This is not always as easy as it seems, particularly when one spouse is hiding assets from the other.

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