Under the “Uniform Services Former Spouses’ Protection Act” (USFSPA), each state (including Kentucky) is allowed to treat “disposable retirement pay” as marital property according to each state’s law. How will military retirement property division occur in a Kentucky divorce? Generally speaking, a former spouse may receive up to 50% (or...
Protect Business Ownership in a Shepherdsville Kentucky Divorce
The fundamentals of the local economy have greatly changed over the past several years. It is much more common to encounter divorce clients who are concerned with how to protect business ownership in a Shepherdsville Kentucky divorce. What happens if you own an interest as a member in an LLC,...
What Happens to a Family Business in a Divorce?
What happens to a family business in a divorce in Bullitt or Hardin County Kentucky? Changes in the economy over the past decade and the pandemic itself have led to the creation of many new small and closely held family businesses. It is not uncommon for both or one of...