Dividing Property During Divorce
During the midst of divorce proceedings, the furthest thing from your mind may be making an inventory of all of your assets and debts, then dividing them equitably with your soon-to-be ex-spouse. That’s because this part of the process oftentimes involves a lot of stress and considerable frustration, especially if one spouse is being combative or uncooperative.
At the Law Office of Michael Davidson, PLLC, we will fully explain marital property laws and how they apply to your specific situation. We will assist in the process of cataloguing all property and debts — both nonmarital and marital — then guide you on ways to achieve a fair distribution of your marital property with the least amount of contention.
Equitable Distribution Of Marital Assets And Liabilities
Because Kentucky is an equitable distribution state, there are a number of factors you will need to consider in order to reach a fair distribution of marital property, such as:
- The value of the property
- The length of marriage
- Child custody arrangements
- Each spouse’s level of income
- Each spouse’s contribution to the acquisition of marital property
At our law firm, we will explain this process thoroughly to you, whether it’s before the drafting of a prenuptial or postnuptial agreement, or after a request for divorce has been filed.
Issues Involved In High-Asset Cases
At the Law Office of Michael Davidson, PLLC, we know that property division can become a considerable source of contention for high-asset clients. In addition to splitting complex assets like stocks and retirement accounts, and determining whether maintenance/alimony payments will be necessary, we realize that you may have to deal with the burden of uncovering hidden assets as well.
Because of our more than 30 years of legal experience, we know the warning signs that indicate surreptitious activity. Our lawyers are incredibly thorough when it comes to recovering hidden assets and we make sure they are properly accounted for during property division.
Obtain Our Services Today
To schedule an appointment at our Lexington, Kentucky, office, call 859-225-1717, toll free at 888-519-7815 or contact us online. We address the legal concerns of families throughout Lexington-Fayette County and all contiguous counties, including high-asset cases and families. Our firm accepts credit cards.