After years of marriage, most couples no longer know which property is owned by one of the spouses and what property is shared between them. This fact makes division of property one of the more complex and potentially contentious aspects of many divorces. If you are facing a divorce in which significant properties will be divided, make sure you secure representation from a divorce lawyer you can trust to protect your interests and get the results you need.
At The Grinnell Firm, PSC, we can help you. Our entire legal team are committed to protecting our clients' interests in division of property and other divorce-related matters in and around Florence, Richmond and Lexington, Kentucky.
Although Kentucky is not a community property state, courts seek to divide property as fairly, though not necessarily equally, as possible. This means that before dividing property, it is essential to determine which assets are shared (called marital property) and which assets are not shared between the spouses (called nonmarital or individual property).
In the most general sense, property that a party owns prior to a marriage remains nonmarital property, but there are numerous exceptions and situations that complicate this general rule. Some of the common challenges we face when separating marital from nonmarital property include:
We understand the stresses and challenges you are facing in divorce, especially when it comes to dividing property. We will walk you through the steps in the process as we fight to protect your financial interests.
To speak with an experienced lawyer about marital and nonmarital property, call us at 859-DIV-ORCE (859-348-6723), or contact us online for a consultation to discuss your property division needs.