Filing for divorce can drastically alter your retirement plans. For example, you may have intended to remain in your marital home with your spouse, with the pension your spouse earned and Social Security benefits replacing your employment income. If you decide to file...
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What if you both want to keep the house in a divorce?
On Behalf of Burbank & Collins, P.S.C. | Aug 12, 2021 | High Asset Divorce
You and your spouse may each have valid reasons to want to keep the family home when you divorce. Yet that will not be possible unless you can agree to share ownership. Most couples will not get on well enough post-divorce for sharing to be a good idea. So you need to...
How can you retain more property in a divorce?
On Behalf of Burbank & Collins, P.S.C. | Aug 10, 2021 | High Asset Divorce
If you divorce in Kentucky, you have the option to reach an agreement with your spouse over how to divide your assets. If you cannot agree, then a court will split your marital property on the basis of equitable distribution. You have room to influence a judge’s...
How could social media harm your divorce prospects?
On Behalf of Burbank & Collins, P.S.C. | Aug 3, 2021 | High Asset Divorce
Many modern divorces happen because of social media. People discover their spouse has been misbehaving via a social media post. Yet, people’s use of social media for sleuthing does not stop at filing for divorce. They can use it to find evidence when preparing to...
6 tips to avoid mistakes in a high-asset divorce
On Behalf of Burbank & Collins, P.S.C. | Jan 26, 2021 | High Asset Divorce
Seeking to divorce your spouse rarely is an easy decision. You may have tried to save your marriage for your children’s sake or because you owned a business together. Or you knew your divorce would be expensive and complicated because of your multiple assets. If...
Divorce gets complicated if a spouse is hiding assets
On Behalf of Burbank & Collins, P.S.C. | Oct 29, 2020 | High Asset Divorce
Whether you and your spouse were married for decades or you were still in the first 10 years when you decided to go your separate ways, you knew there would be financial issues to resolve in order to achieve a fair settlement in a Kentucky court. The word "fair" is of...
Are horses and other unusual assets part of your divorce case?
On Behalf of Burbank & Collins, P.S.C. | May 14, 2020 | High Asset Divorce
For some time, you may have realized that your marriage hasn't been working and not likely to work. While you may have felt happy and loved in the beginning of your marriage, you later felt disconnected, unhappy and maybe even uncomfortable in your relationship. Now,...
Taking action when your spouse hides joint assets
On Behalf of Burbank & Collins, P.S.C. | Nov 28, 2019 | High Asset Divorce
The success and stability of your post-divorce life hinges on whether you obtain a full and fair division of your marital property. In Kentucky, marital property is any of the assets that either you or your spouse acquired during your marriage. This may include your...
The value of your horses during property division
On Behalf of Burbank & Collins, P.S.C. | Jun 13, 2019 | High Asset Divorce
You and your spouse have enjoyed the finer things in life, and you have worked hard to achieve this level of comfort. Nevertheless, now that you are facing divorce, you also have the overwhelming task of separating your marital property. While some assets may be easy...
The importance of an equine appraiser in your high-asset divorce
On Behalf of Burbank & Collins, P.S.C. | Jan 22, 2019 | High Asset Divorce
If part of your estate or income is derived from your horses, you may soon need the services of an equine appraiser. Even if you intend to donate or gift your horses during the divorce proceedings, if the horse’s value exceeds $5000 you will need an appraiser for IRS...
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