Divorce

One of the most common questions people ask during divorce is whether Kentucky is a “community property” state. The short answer is no. Kentucky does not follow community property rules. Instead, it uses what is known as an equitable distribution system when dividing marital property. Understanding the difference, and how Kentucky courts actually divide assets,…

Cryptocurrency is no longer a fringe investment. Many Kentucky couples now hold Bitcoin, Ethereum, or other digital assets as part of their financial portfolios. When a marriage ends, those assets do not simply disappear into the digital world. Like bank accounts or retirement funds, cryptocurrency must be identified, valued, and divided during the divorce process….

When couples in Northern Kentucky decide to divorce, the process often involves a mix of legal requirements, emotional stress, and practical decisions. One question we hear frequently at Hoffman Walker & Knauf is whether divorce mediation is required in Northern Kentucky.  The short answer is: it depends, but mediation is an important and commonly used…

When a divorce involves a closely held business, the legal and financial issues often become more complex. A business may be a primary source of income, a long-term investment, or something built over years of hard work. In Kentucky, dividing a business during divorce requires careful analysis to ensure the outcome is fair and consistent…

In a Kentucky divorce, many cases are resolved through a Marital Settlement Agreement (MSA) rather than a contested trial. An MSA allows spouses to define the terms of their separation in writing, covering issues such as property division, support, and parenting arrangements. Once approved by the court, the agreement becomes legally binding and enforceable. Because…

A well-drafted pre-nuptial agreement, commonly referred to as a “prenup”, can help ease people’s minds before getting married by laying out what to financially expect from each other as a couple.  While prenups are powerful planning tools, they also can be legally challenged, especially if they have not been drafted appropriately. Kentucky courts will enforce…

Modern compensation packages, especially those for executives, tech workers, and corporate employees, often include stock options and restricted stock units (RSUs). As these assets often have significant current or future value, they often become a major issue in Kentucky divorces.  In this article, we will look at dividing stock options and RSUs in a Kentucky…

In any Kentucky divorce, the most significant question everyone asks themselves is: Who gets the house? The family home is one of the most contested assets in divorce, as it is valuable to both sides financially as well as emotionally. Kentucky is an equitable distribution state – that means property is divided fairly, as opposed…

In a Kentucky divorce, one of the most disputed issues is property division. The key to reaching a fair settlement is to understand what counts as marital property versus nonmarital property. Kentucky is an equitable distribution state, which means that property is divided between spouses in a fair way – not necessarily in a strictly…