October 2017 Archives

Divorce can adversely impact retirement funds

Ending a marriage in Kentucky is a challenging process with many issues to consider. It is therefore not unusual for people in the throes of a divorce to forget to think how their retirements will be affected. Even if a person is not close to retirement age, the existing funds in the retirement account may have to be shared between the two spouses, leaving a considerably reduced amount in savings.

Divorce: Prenuptial agreements can serve many different purposes

At the time when a couple in love wants to focus on nothing else, that conversation about a prenuptial agreement is dreaded by most. Kentucky couples may be interested in why six brides said, although they felt apprehensive, they signed prenups and are happy they did. The first bride said all her future husband had to do was to remind her that, regardless of their current happiness and love for each other, each of them had previously gone through a divorce that left them with less than what they would have wanted.

Communication, Technology and Child Custody

An issue that arises frequently in child custody cases is one of poor communication. Frequently, one or both parties will forego or limit communication, or there will be a great deal of extremely negative, aggressive messages. These messages are presented to court, and all too often, a party will deny or delete those messages.  Negativity can arise over everything from a failure to coordinate calendar issues to passing along school information.

What does the discovery process in divorce entail?

Although mediation is becoming a popular method of negotiating settlement agreements when marriages end, not all Kentucky couples manage to keep communication channels open. The procedures in a litigated divorce are typically more complicated than those avoiding the court. The first steps -- before going to divorce court -- will involve the process known as discovery in which the attorneys of both spouses will try to find out details of the opposition's planned arguments in order to prepare a strong defense strategy.

Gray divorces: A costly impact late in life

As someone approaching retirement, the last thing you expected was to be navigating a divorce. Gray divorces, or divorces that take place among Baby Boomers or those married 40 years or longer, are devastating for some. Not only is the relationship ending, but the finances of the couple become a concern.

Divorce or legal separation -- Which one to choose?

Many married couples in Kentucky develop some relationship problems at times. However, not all rush to file for divorce when conflicts arise. Some couples choose to file for a legal separation, in which an agreement similar to a divorce agreement is signed, which may be converted into a divorce agreement if the ultimate choice is to file for the dissolution of the marriage. The couple will remain married but live separately with a separation agreement that will outline the responsibilities and rights of each spouse.

Who is entitled to alimony, and for how long?

Spousal support is the term that is used for a court-ordered maintenance paid by one spouse to the other pending or after a divorce, or during a legal separation. The recipient of alimony can be either the husband or the wife. The purpose is to contribute toward the living expenses of the receiving spouse, such as utilities, mortgage or rent, health insurance and other costs. Absent an agreement between the spouses, the court will determine the type of alimony, the amount and the duration as governed by the divorce laws of Kentucky.

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