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June 2017 Archives

Tips for blending families

Some Northern Kentucky residents who have been married before may be in a new relationship and want to combine households. There are a number of financial angles to consider when creating a blended family. A couple should begin by discussing their attitudes about money, spending and saving with one another. They might also discuss their long-term spending goals and what they want for their children. They should consider how they will deal with various imbalances such as the differing needs of children or one coming into the relationship with more assets than the other.

Divorce documents must include all spousal payments

Kentucky couples who are ending their marriage may learn something from a U.S. Tax Court case. In the case, a man agreed to split a large bonus he had gotten at his job with his estranged spouse, and because they both signed an agreement stating that the bonus was community property, he believed the payment would be tax deductible. Unfortunately for him, there was one requirement that he missed.

Why parental rights may be terminated

To some Kentucky parents, losing their parental rights may come as a relief. For others, it may come as a warning to do better to provide for their children. In some cases, a termination is voluntary and may be the precursor to an adoption. There are many different reasons why a parent may lose rights to his or her child. For instance, a child may be taken out of a home because of chronic physical abuse.

Protecting your business and being proactive in divorce

When you own a business in Kentucky, your business is most likely your pride and joy. It is also most likely your sole or chief source of income. Therefore, it makes sense for you to be concerned if you are on the brink of getting a divorce.

Dealing with finances when going through a divorce

Whenever a Kentucky couple is considering divorce, the emotions and other conflicts they are going through can make the process difficult at times. However, those who share finances may find that there are additional complexities, especially because making financial decisions at this time can have major impacts on a person's finances once the divorce is finalized. As such, there are certain things those who are going through a divorce should do when it comes to finances.

How will my military service affect child custody?

Military life is hard on a family. Unfortunately, many couples in Kentucky and elsewhere end up getting divorced because it can all be too much to bear. While going through the dissolution process may be the best thing for the couple, if they have children, it can take a real toll on their little lives. This is especially true if you have to deal with frequent deployments or moves. How does child custody work when military service is a factor?

Nesting as a custody arrangement

Divorce can be a difficult time for children, and estranged parents in Kentucky and around the country usually approach child custody and visitation talks constructively even when they are mired in contentious negotiations over property division or spousal support. Parents often do all that they can to protect their children from the emotional traumas of divorce, and one of the most recent developments in this area is custody arrangements involving what is known as nesting.

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