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...
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Divorce
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...
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...
Lack of trust and intimacy contribute to divorce
The results of a survey consisting of 2,371 individuals who were recently divorced was published in the Journal of Sex & Marital Therapy. It found that there were four common reasons why Kentucky residents and others were most likely to end their marriages. One of...
Handling social media before, during and after a divorce
There's nothing wrong with staying connected socially online. However, there is compelling research suggesting a correlation between divorce rates and the use of certain popular social networks. While social media alone isn't likely to be the sole reason for the end...
How to prepare for a divorce
While many Kentucky residents, summer is a favorite season. The kids are out of school, the weather is perfect for spending time outdoors, and it is often a great time to take vacations. For some families, however, summer may also be the time to start planning for...
Student loan debt in a divorce
When people in Kentucky get a divorce, debts that they brought into the marriage, such as student loan debt, are usually considered individual property, and the person will be solely responsible for them after divorce. However, if a person takes out student loans...
Shifting gender roles can lead to divorce
In marriages where the husband and wife assume traditional gender roles, the risk of divorce can rise significantly when those roles change. A common example of this in Kentucky and around the country is when the woman earns less than her husband at the start of a...
Social Security considerations related to divorce
Even if a married individual in Kentucky has never worked or has a low income, they can still collect up to half of their spouse's Social Security benefits. This right doesn't necessarily go away simply because a marriage ends. If a couple was legally wed for at least...
