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Divorce Basics – Prenuptial Agreements
A prenuptial agreement, also called a prenup or antenuptial agreement, is a legal contract created before marriage between a couple intending to marry. In Kentucky, prenuptial agreements help couples clarify financial expectations and protect individual assets in case the marriage ends in either divorce or death. These agreements are recognized by Kentucky courts when they…
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Divorce Basics: Maintenance
Spousal maintenance, commonly known as alimony or spousal support, is one of the most misunderstood aspects of divorce. Many people assume it is automatic, or that it lasts forever. In Kentucky, however, spousal maintenance is far from automatic. What Is Spousal Maintenance? Spousal maintenance is financial support paid by one spouse to the other after…
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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…
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Divorce Basics: Financial Disclosure
If you’re going through a divorce in Kentucky, one of the most important parts of the process is the financial disclosure. Kentucky law requires full and prompt financial disclosure so that both parties and the court have an accurate picture of the marital estate. This ensures that decisions about property division, spousal maintenance, and child…
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Divorce Basics: Debt
And How to Protect Yourself From Financial Fallout Dividing assets in a divorce tends to get a lot of attention but what about dividing the debts? Credit cards, loans, and mortgages do not just disappear when the marriage ends. In fact, if you are not careful, marital debt can follow you long after your divorce…
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