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  Posted to group - Money matters    <<Previous    Next>>

wanting to know

I would like to know if Ky is a community property state

by suie   2 Posts 
Posted on 4/25/2008 10:59 AM
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Answers for "wanting to know"  (3) (You must be logged in to answer)




regarding the post below - your attorney is only as good as how much time you invested in choosing them.

 

KY is an "equitable distribution" state - what that means is that any assets that the two of you can not decide on your own what you want to do with, the court will take several factors into consideration to determine the split. The most important factors are as follows:

(1) Contribution of each spouse to acquisition of the marital property, including contribution of a spouse as homemaker; (2) Value of the property set apart to each spouse;
(3) Duration of the marriage; and
(4) Economic circumstances of each spouse when the division of property is to become effective, including the desirability of awarding the family home or the right to live therein for reasonable periods to the spouse having custody of any children.

It may not end up being 50/50 - but it will be fair based on the factors above...

I'm one of those awful rotten terrible attorneys only out for money....not! =)

 

by spaznskitz   3855 Posts
Posted on 4/25/2008 9:37 PM
0





Ky not being a community property state, than that must mean either the two parties agree or , the lawyers make more money. That is very sad for those who choose to divorce but, leave under friendly conditions. Lawyer's many times make situtions worse. I walked away with nothing bc my freedom was worth it and I have done well on my own since, but I do realize that not everyone comes out ok. If I can help any of you please write and I will help wherever I can.
by suie   2 Posts
Posted on 4/25/2008 6:32 PM
0





No KY is not a community property state.
by Trisharae   8 Posts
Posted on 4/25/2008 6:22 PM
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