Tips for meeting the financial challenges of a divorce
A divorce can create new financial challenges, but there are steps Kentucky estranged couples can take to meet them. People should set aside money for divorce costs and create a short-term budget. This budget needs to acknowledge any new expenses, such as new auto insurance or a new place to live. After a few months, […]
Handling the marital home during a divorce
Many people in Kentucky feel deeply attached to the family home, even after they decide to divorce. They may want to keep the home even after the divorce is finalized. It is often important for people to engage in financial planning in order to protect their ability to keep the house after a split. There […]
Voluntary impoverishment and child support
Most parents who owe child support make payments on time and in full, but there are a few bad actors who purposefully under-report their earnings or earn less than their full potential just to avoid payments. This is commonly known as involuntary impoverishment, and it can leave primary caregivers in Kentucky in financial trouble. This […]
How parents can resolve child support problems
Parents in Kentucky and throughout the nation may have difficulty paying child support in a timely manner. In many cases, they are called deadbeats even when they aren’t trying to withhold support out of spite or a lack of concern for their children. Those who don’t have the income to make a support payment should […]
Is your child showing signs of stress after divorce?
Like all good parents in Kentucky and elsewhere, your children’s best interests are your highest priority. You work hard to provide for their needs and create a stable, peaceful, safe and joyful living environment. Going through divorce can definitely derail a family’s peace train. Especially if you and your ex disagree about child-related issues, it […]
How wedding debt can lead to divorce
LendingTree recently released a survey taken by 506 people between the ages of 18 and 53 in Kentucky and elsewhere who were married in the last two years. It found that 45% of the respondents had gone into debt to fund their wedding. Of that amount, 47% said that they had contemplated getting a divorce. […]
The importance of co-parenting for divorcing couples
Following a divorce, many Kentucky parents struggle with how to raise their children. Some will feel overwhelmed at the idea of being a single parent while others will experience anxiety at the thought of dealing with their former spouse again. Despite these obstacles, those who successfully embrace the concept of co-parenting may find that things […]
Millennials more likely to have separate accounts, prenups
Millennial couples in Kentucky may be more likely to keep their bank accounts separate compared to baby boomers and Gen X according to a survey by Bank of America. A survey of the American Academy of Matrimonial Lawyers found that prenuptial agreements are also on the rise, with millennials in particular requesting them. However, experts […]
Subsequent divorces may come with a unique set of challenges
If you are going through the end of a marriage, you may be facing a variety of difficult decisions. Since the outcome of your divorce will likely have a substantial impact on your life, even if only temporarily, you may wish to cover every crucial aspect associated with the process when preparing for negotiations. If […]
Retirement savings and divorce
Couples in Kentucky who are getting a divorce should be prepared to devise a new retirement plan. The plans they had when they were married are likely to have to change. Depending on their situation, some people may find saving for retirement will be easier as they will only have to consider themselves when saving. […]
