I live in Kentucky and going through a divorce. What I think, marital property and debt is divided 50/50 in a divorce. Moreover, each party keeps all debt and property before marriage. I believe car is taken as sole property when only one person uses it.

1 Answers
Votes: 
1 vote
+
Vote up!
-
Vote down!

Is Kentucky a community property state? I don't think so. However, if it is, then the question is when the assets and liabilities were acquired? If the assets and other obligations were acquired during the marriage, the liability and rights are 50/50. If you and your wife act wisely and sacrifice a few things, then i'’s not going to be a problematic job.


Ask Question

Waterfall approach to debt free ™

Legal debt relief methodology that works based on your financial conditions. Learn more »

BBB-A--Rating