When parents in Kentucky decide to divorce, their first thought might be how the end of the marriage will impact their children. There are many stories, both positive and negative, of how now-adult children dealt with their parents' divorce. By keeping some key guidelines in mind, people can help their children feel supported and strong even as their lives undergo significant change.
Retirement savings can be one of the most challenging issues for divorcing couples in Kentucky to deal with as part of their divorce negotiations and settlement. Because people have worked long and hard to establish those accounts and build them up, dividing them can be devastating, especially when each partner is financially reliant on those funds for future stability. In a 2016 survey, 62 percent of divorce attorneys said that retirement funds were the most contentious issue addressed by their clients during their divorce.
Parents in Kentucky who are getting a divorce might wonder whether joint custody is the right choice for them and their children. They may have misconceptions about this type of custody that is not backed up by research. Studies actually indicate that the best arrangement for children after divorce is joint custody as long as there are not issues with abuse.
Financial matters are often some of the most difficult issues for Kentucky couples to sort out while finalizing a divorce. Alimony payments are often a particularly contentious topic that may lead to lengthy negotiations or extensive court filings. However, the recent adoption of the new federal tax bill in December 2017 has major implications for taxation of spousal support payments.
The end of a marriage can be a difficult time for couples in Kentucky. Not only do spouses have to deal with the emotional fallout, but the practical logistics of divorce can also present many challenges. Negotiating with a former partner about the divorce settlement can be challenging and complex. However, an arrangement will be necessary for both parties to settle and move on.
For many people living in Kentucky, January is a time of new beginnings. In some cases, this means making the decision to leave a marriage that is no longer working. While divorce is never easy, there are some things that spouses can do to make the process less painful and financially devastating.
When Kentucky couples start divorce proceedings, deciding child custody and support issues are often given top priority. However, dividing property, including any house they might own, should rank right up there as well.
The divorce rate for those over the age of 50 has doubled since the 1990s. If a Kentucky resident does get divorced later in life, it could impact that person's ability to save for retirement. The financial shock may be compounded by the emotional stress that the end of a marriage may bring. However, there are steps an individual may take to increase his or her financial security in a divorce.
A divorce can be a physical and emotional ordeal for children. Parents in Kentucky who are eager to get a divorce but may be hesitant to do so because of their children may want to consider some important issues before making a decision.
Married couples in Kentucky struggling with their relationships often confront issues like infidelity, money disputes or alcohol or drug addiction. For some people, difficulties like these lead them to divorce.