Blog Posts in June, 2016

Valuing Real Estate in a High Asset Divorce

Many high-asset couples in Kentucky own more than one home. For example, they may own the house that serves as their primary residence and a beach home or cabin in the woods. So when they divorce , decisions need to be made as to how to divide these multiple pieces of real estate. But before real estate can be divided, it is important to obtain an accurate value on it. In general, there are three ...

Understanding the issues behind alimony reform

When it comes to alimony, many people in Kentucky have different opinions as to what constitutes fair and appropriate alimony laws. Some people across the nation are even calling for alimony reform. However, it is important to have a good understanding of what alimony is, and why people do or do not want to see it reformed. Alimony -- also called spousal support -- is a legally enforceable order ...

How is a cohabitation agreement similar to a prenup?

Increasingly these days in Kentucky. more and more couples are living together without getting married. Of course, Kentucky residents ready to walk down the aisle may have created a prenuptial agreement to protect their financial interests should they later divorce. However, is there any similar document available to those who live together without getting married? A cohabitation agreement, like a ...

Actor Johnny Depp to divorce, reportedly did not have a prenup

As fans of the "Pirates of the Caribbean" movie franchise may have heard, star Johnny Depp and his wife Amber Heard are seeking a divorce. The couple had been married 15 months. Heard, age 30, filed for dissolution on grounds of irreconcilable differences and also requested alimony. Depp, age 52, responded by asking that Heard's request for alimony not be honored. What may surprise Kentucky ...

Valuing a business in divorce

In any divorce there will be a myriad of matters that will need to be addressed. In many Kentucky divorces, the most intense piece is determining how the marital assets will be divided. This process can be particularly complex when a business is considered a marital asset. You need not directly be involved in the business to be eligible to receive a portion of its value when the marriage ends . ...

The State Department and international abduction cases

Kentucky parents may continue having disputes regarding their child well after the divorce decree is signed and the child custody and visitation order is in place. Unfortunately, sometimes one parent will abduct the person's child in order to prevent the other parent from exercising the parent's child custody or visitation rights . This situation is especially serious when a parent absconds to an ...

Can parents move their child to another state after a divorce?

When two parents in Kentucky divorce, they sometimes choose to live in close proximity to each other, perhaps in the same city in which they lived while married, in order to make child pick-up and drop-off easier, and to lessen the stress the child may feel after a divorce. However, time marches on and lives change. Perhaps one parent gets a job offer the parent simply cannot refuse in another ...