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Kentucky is an "equitable distribution" state. The spouses are allowed to keep their separate Property (Property acquired before the Marriage and any gifts or inheritances). All other Property (their marital Property) is divided, without regard to any marital misconduct, in just proportions, based on the following factors:
(1) the contribution of each spouse to the acquisition of the marital Property, including the contribution of each spouse as homemaker; (2) the value of each spouse's separate Property; (3) the economic circumstances of each spouse at the time the division of Property is to become effective, including the desirability of awarding the family home to the spouse awarded custody of any children; (4) the length of the Marriage; and (5) any retirement benefits. [Kentucky Revised Statutes; Title 35, Chapter 403.190].
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