-
Divorce Basics: Child Support Modification
Child support orders are based on the financial and parenting circumstances at the time the court enters them. But life rarely stays the same. Over time, changes in income, expenses, or parenting time may mean that the original child support amount is no longer fair or appropriate. It also may be appropriate to request a…
-
Divorce Basics: Child Support
Child support is one of the most common concerns for parents going through a divorce or separation. In Kentucky, the law requires that both parents contribute to the financial support of their children. Child support is intended to help cover the day-to-day expenses of raising a child, such as housing, food, clothing, and medical care.…
-
Divorce Basics: Equitable Division
How does a Kentucky family court decide who gets what in a divorce? Property division in Kentucky is about classification first, valuation second, and equity last. Kentucky is an “equitable distribution” state. There is no rule that property will automatically be divided 50/50 or according to some other formula. What is equitable? Under KRS 403.190,…
-
Divorce Basics: Valuation
When a couple divorces, one of the most important steps is figuring out how to divide their property. Property division in Kentucky is about classification first, valuation second, and equity last. Thus, before a family court can determine what an equitable division looks like it must assign a value to each asset. Whether you are…
-
Divorce Basics: Classification
Marital vs. Non-Marital Property in Kentucky My spouse is offering me half the value of our assets if we do not use an attorney. Is that a fair deal? Maybe. Dividing property during divorce is not always as simple as splitting everything 50/50. In Kentucky, it is important to consider the difference between marital and…
(502) 589-4215 | 500 West Jefferson Street, Suite 2100, Louisville KY 40202
