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Divorce Basics: Maintenance
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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
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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
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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
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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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