During divorce proceedings, a key concern for many individuals is financial stability. In Kentucky, determining alimony is a significant aspect of the process. Understanding the different types of alimony can help you navigate these challenging times. Temporary...
Divorce
Understanding how a divorce affects your tax obligations
Divorce can bring major changes to your financial situation, including potential implications for your tax obligations. When navigating a divorce in Kentucky, it is important to understand how it may impact your tax liabilities and obligations to avoid surprises come...
Strategies to minimize the impact of divorce on your children
Divorce can be a scary, stressful and sad experience for any child in Kentucky. However, your child's reaction to the whole process will depend on the parent's response and conduct. Constant marital conflict can traumatize children, hindering their ability to adapt....
What’s behind the sharp increase in empty-nest divorces?
In Kentucky, couples who have raised kids and face the prospect of an empty nest are divorcing more than ever. While many factors can trigger this decision, the following illustrates some common reasons for divorce as people transition through this phase of life....
How marital property is divided in a Kentucky divorce
In states with community property laws, marital assets are divided equally in a divorce even if this would lead to an unfair outcome. However, Kentucky and most other states follow the equitable distribution doctrine, which means that they are divided fairly, but not...
Divorces where special needs children are involved
Divorce in Kentucky can be overwhelming when a special needs child is involved. Parents must navigate a range of unique considerations, including financial support, custody arrangements and the long-term care and support of the child. Ensuring child's financial needs...
The effects of divorce on your children
When Kentucky parents divorce, their children can be just as affected as the two spouses. They can experience a range of emotions and struggle with their mental health, during and after the process. However, there are ways you can support and protect your children...
Tips for dividing retirement accounts in a divorce
In Kentucky, a marital estate is divided in an equitable fashion in a divorce. Therefore, it's possible that you may lose a portion of a 401(k), IRA or other retirement accounts as part of the property division process. However, failing to divide those accounts...
How is property divided in a Kentucky divorce?
Divorce can be hard for any Kentucky couple, but it becomes infinitely harder when you take property division into consideration. The courts will use a few different methods to split property in a way that’s more or less fair to everyone involved. What is the most...
Divorce and Social Security
Millions of retirees in Kentucky and around the country rely on Social Security benefits to help them make ends meet. Social Security benefits are based on payroll deductions, but many of the retirees who receive them never worked or paid taxes. This is because...