2 ways divorces involving professional athletes are complicated
A successful career in professional sports usually comes with a substantial leap in income. If you are a divorcing professional athlete (or married to one), do not assume wealth will make the process easier. Having wealth or valuable property makes many divorces even more complicated when figuring out property division. Let’s look at a couple of […]
Why some divorces are contested
It would be nice if all couples could stay together without ending their relationship. (Or at least have amicable divorces.) Alas, when it comes to divorce, things don’t always work out smoothly, which is why some spouses contest their divorce. When a divorce is contested, it means that spouses struggle with agreeing on one or […]
3 considerations for business owners during divorce
Owning a family business is a good experience, but it may become a problem if the owners decide to end their marriage. This decision affects the business and the owners. Determining the best way to proceed with this situation is a priority. You should consider a few things if you’re a business owner ending your […]
Start preparing now if you want a divorce in the new year
Unofficially, January is known as the divorce month. More people file divorce petitions in January than at any other time. Some are waiting for the holidays to pass, while others want to start a new life in a new year. Those planning to divorce in 2023 can face many financial pitfalls and complications while waiting […]
Questions from your children about your upcoming divorce
As you and your spouse move toward a divorce, you’re probably going to have conversations with your children about this process. You’re at least going to have a family meeting where you inform them about the divorce. As a parent, it’s always important to put the children first. One way to do this is by […]
Is your retirement account your separate property?
It is hard to predict what your financial circumstances will be like after a divorce. Unless you already have some agreement with your spouse, your negotiations with one another or the outcome of your court case will directly influence what resources you have when you start rebuilding later. In Kentucky, state law requires an equitable […]
Cryptocurrency may be a way to hide assets
Have you been worrying that your spouse is hiding assets? Maybe you thought they were doing it while you were still happily married, and you realized something was wrong. Maybe you filed for divorce, and now you’re worried that they’re going to hide assets to keep them from you. Either way, it’s worth noting that […]
Does health impact parenting time decisions?
There are a lot of different factors that go into a parenting time decision when parents get divorced. Ideally, parents will work together to find a schedule that fits for their family. But, if they cannot agree on a solution themselves, the court can create an order for them that they have to follow. To […]
Don’t include your child’s belongings in your property division
Property division can be one of the most contentious aspects of divorce. Sometimes, couples with significant and complex assets end up fighting over small, inexpensive items they don’t want to part with – or at least don’t want their future-ex to have. Unfortunately, divorcing parents can sometimes get territorial about their children’s possessions as well. […]
Can you request a modification of your child support?
If you are a parent who is paying or receiving child support in Kentucky, it is essential to be aware of the process for requesting a modification. The guidelines for child support payments are set by statute, and the amount you pay or receive may change if there is a significant change in your circumstances. […]
