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June 2016 Archives

Options for the marital home following divorce

While no two couples are exactly alike, it’s fair to say there are certain types of assets that commonly need to be divided when a marriage ends in divorce. Real estate is usually of the greatest value. In the state of Kentucky, any real estate acquired during the marriage will be considered “marital property.” Under some circumstances, so too will the increase in value of an asset brought to the marriage by one of the spouses. Most commonly the real estate that will need to be addressed is the family home. There are several situations that might arise.