For many people who are going through divorce in Kentucky, the family home is the most valuable asset they own. In some cases, the couple sells the house in order to divide the proceeds in the divorce settlement. In other cases, especially those where the couple has...
Year: 2019
Divorce linked to certain personality traits
People in Kentucky decide to divorce for a wide variety of reasons. Couples may struggle with financial stress, separation, infidelity or addiction, or they may simply grow apart. However, there are some common personality traits that have been frequently linked to...
Key ways to make divorce less miserable
Many people in Kentucky and other states would agree that when it comes to horrible life experiences, divorce would definitely appear high on the list. Unfortunately, it is a reality for almost 50% of all marriages. Thankfully, couples who are at the end of a marriage...
How big is the impact of money on happy marriages?
Couples in Kentucky who are facing financial difficulties might be interested in the findings from a study that focused on marital satisfaction over the first five years of marriage. The general belief in the past was that couples began their married journey full of...
Dealing with the marital home’s mortgage during divorce
When spouses choose to divorce in Kentucky, the decision over how to handle the marital home can be complicated. Depending on the amount of equity at stake, the family home may be the most significant jointly held asset. If the house is not sold, one spouse will...
When older couples divorce, finances can get complex
While the rate for divorce in general has been stable for a while, gray divorces, or those involving people over age 50, have doubled since 1990. As some Kentucky residents have discovered once they begin the process, grey divorces usually involve more complex...
Study finds fathers often favored in child custody disputes
Some people in Kentucky may assume that in a custody battle between parents, the mother always gets preference over the father. However, research conducted by a professor from the George Washington University Law School suggests that this is not the case. The...
Do I have to pay my spouse’s student loan debt after divorce?
Most people enter marriage believing it will last forever. They often agree to "for better or worse," which can include financial choices. You might think that means that you share all of your assets if you divorce, but what about debt? Debt of any kind can strain a...
Why divorce later in life can be problematic
In 2010, roughly a quarter of all those who were divorced in the United States were over the age of 50. In 1990, only about 10% of those who were divorced were over the age of 50. While a divorce can have financial ramifications for most Kentucky couples, those that...
Dealing with finances during a divorce
When a couple decides to divorce in Kentucky, both partners may be concerned about protecting their assets. Going from a shared to a single lifestyle can place a major strain on everyday finances. This may be exacerbated when there are higher levels of conflict during...