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June 2018 Archives

Military divorce raises unique concerns for parents

You understood that deploying to dangerous areas and dealing with difficult situations was part of the deal when you took an oath to serve in the military, but you probably had no idea just how overwhelming a divorce would feel. Although in theory military divorces should not differ that significantly from civilian divorces, service members typically deal with unique concerns. 

The impact divorce may have on retirement

About half of those in Kentucky and throughout the country may not be able to maintain their current lifestyle in retirement. However, that number is about 7 points higher for those who have gone through a divorce. This was determined by looking at the National Retirement Risk Index created by the Center for Retirement Research. The ability to retire could be put in jeopardy because of higher costs incurred when a person is single compared to when a person is married.

Payroll withholding key to Kentucky child support collection

According to the commissioner of the Office of Child Support Enforcement, almost two-thirds of all collected child support payments are made via electronic portals. Collecting through payroll withholding accounted for $24.4 billion of the $32.4 billion in total child support payments made across the country in 2017. Additionally, the OSCE recorded more than 67 million reported new hires in 2017.

Seeking child support when a parent is voluntarily unemployed

When a former Kentucky couple splits up, the parent who does not have primary custody of the kids may likely be ordered to pay child support. While these payments are often supposed to be made to help the parent with primary custody pay for the children's clothing, food, medical care and other child-related expenses, some people attempt to avoid making payments, leaving the full cost of raising the children on the primary custodian.

Take the stress out of divorce with these tips

Marriage is a legal contract. When a couple decides they no longer want to be married, they can't just move out of the home they shared and start living separate lives. They have to go to court to end the contract. If they don't, each spouse could be responsible for the others' debts and assets may not be divided equitably. Although the process of getting divorced may not be pleasant, it's necessary for Kentucky spouses to take this step in order to move forward with their lives.

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