Blog Posts in August, 2015

Funding a child's higher education after divorce in Kentucky

Back-to-school time is upon us for children of all ages. As many college students and parents in Kentucky can attest, affording the ever-rising cost of a college education is of a great concern to them. While some families may have savings accounts to cover at least part of their child's college education, others will be applying for student financial aid in order to pay for college tuition, ...

What are some alternatives to litigation in a Kentucky divorce?

When a couple decides to divorce they may be mentally and emotionally preparing themselves for a trip to the courtroom where a judge will be the ultimate decision-maker with regards to all their divorce legal issues, from property division to child custody to spousal support. Traditional litigation has its benefits, particularly if one spouse suspects the other is being dishonest or if one spouse ...

Seeking help with business valuation in a Kentucky divorce

Recent posts on this blog dealt with various property division issues, including allocating debts and dividing assets. In addition, property division issues include whether it is worthwhile to keep the family home after a divorce or whether to sell it instead. Today, we will consider one final issue, that of business valuation and how retaining a Kentucky divorce attorney can be useful in such an ...

Dividing debts in a Kentucky divorce

After a divorce, a person's financial situation can change dramatically. Divorcees have not only divided their assets, but their debts are also divided. And, in states with equitable division laws, such as Kentucky, this division is not always 50/50. Therefore, it is important to have some information about how various debts are treated during the property division process. One type of debt that ...