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A couple in Kentucky may own a small business that has seen considerable success over the years. However, their marriage may have not been so successful and they may find it is in their best interests to divorce. When doing so, they will have to make a decision about...
Child support is an important obligation that exists between parents and children after a divorce. It is the payment of money from both parents for the costs of raising their children and is based on guidelines established by the state of Kentucky. Parents who earn...
Working out a custody arrangement that reflects your children’s needs may be the most challenging part of your divorce. For one, you and your spouse may have different ideas about how to raise them. Furthermore, you must account for all the variables that go into...
Divorce is one of the most difficult events that many people face at some point in their lives. It is emotionally painful and can also have profound financial consequences later on. When contemplating divorce, it is important to factor in not only the emotional toll,...
While staying in your marriage may be untenable, divorcing your spouse could have serious effects on your standard of living. Your spouse may be your household’s primary or sole earner, and you may have difficulty making ends meet without their help. Yet, you may be...
Even if they are of otherwise modest means, many if not most couples in Lexington may have a retirement plan through work or even as part of an individual account like an IRA. For example, many government employees and even some private sector workers might have...
Issuance of a divorce decree does not end the possible consequences of a divorce. Asset division and other matters can impact future financial matters such as loans and mortgages. Addressing these issues can help prevent future financial and lifestyle problems. Joint...
Through the divorce process, you are essentially preparing to live on your own. This means that in addition to cutting emotional ties, you will break apart anything that links you and your spouse together financially. Whether you’ve been married for a couple years or...
If you’re like most parents in Kentucky, then you’re child’s safety and wellbeing is your number one priority. Your second priority is building and/or maintaining your relationship with your child. When you are divorced or your child was born out of wedlock, then your...
Newspaper and magazine articles highlighting celebrity divorces often only paint a bleak picture for those about to embark on the journey. By talking about how long a divorce dragged on, who can get custody or claiming that only women can be paid alimony, they can...