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July 2017 Archives

Health insurance considerations during a divorce

Kentucky couples who are facing the end of their marriage may be interested to learn that some couples are actually putting a hold on the divorce process while the future of health care in the U.S. remains uncertain. This is because some could lose their private health insurance when the divorce is finalized, especially if they did not work during the marriage.

Gray divorce isn't referring to your hair color

Many Kentucky residents are currently navigating the divorce process. If you're one of them, you know it's seldom easy and often wrought with stress. If you happen to be age 50 or older, you may face even greater challenges than most. However, you are definitely not alone as the number of people in this age range seeking divorces has steadily increased in recent years.

Military service members have highest rates of divorce

Although few Kentucky couples get married with the assumption that it will eventually end in divorce, not all marriages last. In fact, money problems, mental illness and stress from work can wear down a marriage to the point where a divorce becomes necessary. However, an analysis of U.S. census data showed that people who work in some career paths are more likely to get divorced by the age of 30 than those who work in others.

Divorce myths can mislead separating spouses

Sometimes, it seems to estranged Kentucky couples that everyone has gone through a divorce. While this can help them receive a sympathetic ear, it can also lead to a surfeit of incorrect legal advice from well-intentioned, yet ill-informed, friends and family members.

In a marital split-up, how will our property be split up?

Divorce can take a toll on you both financially and emotionally. One of the biggest areas of contention during the dissolution of a marriage is the division of property, especially for couples who have large amounts of property or high-value property.

Using a QDRO to divide a 401(k)

When a Kentucky couple gets a divorce and one of them has a retirement account, it will likely be considered part of the marital assets that must be divided. However, if a person wants to give some or all of a 401(k) to a former spouse, that 401(k) cannot simply be assigned to another person. Furthermore, a withdrawal and distribution to another person may incur tax and penalties.

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