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property division Archives

Planning ahead could help property division go more smoothly

When individuals decide to leave unhappy and unhealthy relationships, one of their first thoughts may revolve around their stuff. Most people have a great attachment to their property whether due to monetary value, sentimental value or other reasons. During divorce it can be difficult to see assets divvied up, but property division is a major aspect of the process and often requires considerable attention.

Property division may require splitting IRA funds

As Kentucky workers spend their years stashing money away for retirement, they may daydream about what they will do with those funds. Though these dreams may become a reality for many people, others may find themselves losing a portion of their IRA funds during divorce. Property division proceedings could easily dictate that a soon-to-be ex-spouse is entitled to at least some of that money.

Amicable attitudes may help with property division proceedings

Divorce can present emotional turmoil, feelings of shock and the potential for conflict. Of course, the more conflict a case has, the longer and more difficult it may be to come to terms. For Kentucky residents who want to move through the proceedings more quickly, they may want to consider the best way to address property division and other aspects of divorce.

Debt may be concern during property division process in Kentucky

When many people think about the areas of divorce that concern them most, they may immediately think of their assets. Property division is a significant part of the divorce process, and many Kentucky residents facing these proceedings often hope that they will not lose everything. Of course, when it comes to debt, most people would rather not get stuck with payment obligations.

Discussing property division before marriage can be eye opening

When most people talk about divorce, they are either discussing a recent friend or family member who went through the process or their own pending proceedings. However, Kentucky couples do not have to wait until it is on their doorstep to begin thinking about divorce. In fact, right after deciding to marry may be a good time to discuss the possibility and come to terms on property division, alimony and other subjects.

Retirement funds not off limits during divorce property division

During divorce, most people know that there are many steps that need taking. For property division in particular, it may be important to obtain forms, records and other documents that could prove ownership or help divide assets. When it comes to retirement funds, Kentucky residents may need to obtain qualified domestic relations orders if they hope to split 401(k) accounts.

Property division in gray divorce can affect standard of living

The concept of marriage is changing. More people choose a partnership path that is based on personal fulfillment, and older couples who once may have been more reluctant to divorce are embracing new norms, paving the way for a surge in what the experts call "gray divorce." During a gray divorce, older individuals face many of the same challenges as younger people, but property division can be trickier for these couples. In Kentucky, many older couples have retirement accounts and their home as assets, and dividing these types of assets may take more negotiation and forethought. 

Kentucky property division may have parties considering mortgages

Divvying up property as part of divorce proceedings can sometimes seem contentious and cathartic. By splitting up assets, individuals may truly feel that the reality of moving on from a marital relationship has set in. However, those confronting property division issues in Kentucky will likely benefit by gaining an understanding of the process and learning how to address potential issues that may arise when dealing with the family home.

Should Kentucky property division include fight for family home?

If a major reason a couple decides to divorce relates to their inability to agree, the dissolution process may prove contentious. Making decisions is a substantial part of divorce, and individuals will need to determine what terms best suit their circumstances when it comes to child custody, support, property division and other areas. In the event that parties cannot agree, the court will likely step in.

Property division: Kentucky residents may want to consider 401(k)

For some Kentucky residents, going through divorce brings more upset about having to divide property than ending the relationship itself. While bringing the marriage to an end may mean a happier future for those involved, property division can cause considerable upset in many cases. Therefore, parties may wish to remain vigilant when it comes to working toward the outcomes they desire.

Divorce Information

Contemplating divorce is difficult. Whether or not you are sure you want to end your marriage, it helps to learn the basics of divorce law.

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