For the past few decades, people paying alimony after divorce could deduct those payments on their taxes. However, the 2017 passage of the Tax Cuts and Jobs Acts changes this for new divorcees in Kentucky and throughout the country. Starting with divorce agreements...
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Divorce
Divorce may be more likely in certain work environments
When choosing professions, most people in Kentucky don't usually consider the ratio of co-workers from the opposite sex. However, a Swedish study looked at if working around co-workers of the opposite sex might have an impact on divorce rates. A previous study...
The children of divorced parents often face back-to-school stress
Schoolchildren throughout Kentucky have been returning to classrooms recently. With every academic season comes the nervous excitement of new teachers, new classmates, and new subject matter. For children and parents after divorce, the new school year can also bring...
How a wedding date choice can affect a later split
When people in Northern Kentucky decide to get married, they are often excited to set and announce a wedding date. Sometimes, they choose a date with personal importance to the couple or select one that is more convenient for the family or cheaper for the wedding...
Tips for divorce planning after tax reform
The passage of the Tax Cuts and Jobs Act means that there will be changes ahead for couples in Kentucky who are planning to divorce. One of the major changes will be in alimony payments for divorces finalized after the end of 2018. For decades, people who received...
Planning for financial changes after divorce
Divorcing individuals in Kentucky and elsewhere may face financial issues that are far more long-lasting than the emotional and practical issues that also accompany the end of a marriage. Many people experience a great deal of stress about their financial future after...
Divorcing women and finances
Women in Northern Kentucky should be prepared for the negative financial impact a divorce can have on their lives. Out of 1,785 women who took part in a survey, 46 percent stated that the process resulted in surprising financial issues. The women who participated in...
The fastest ways to finalize a divorce
While some former Kentucky couples are content to drag their divorce on for months or even years, others are willing to work together to finalize the process as quickly as possible. In the state of Kentucky, former couples can finalize their divorce in as little as 60...
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...
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...
