It is important to understand that property division involves more than just physical assets like real estate and vehicles. It may also include financial assets, retirement accounts, investments, business interests, and debts. When dividing marital property in Kentucky, a judge will try to be as equal as possible, but mitigating factors may result in a split that is less than 50-50. These factors can include:

  • The duration of the marriage
  • The couple’s standard of living
  • The current financial situation of both spouses
  • Each spouse’s income
  • Each party’s physical and emotional health
  • Each party’s financial contributions during the marriage

The court will then calculate the financial value of all marital property and distribute it with the goal of being as fair as possible.