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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 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 days. There are several routes that former couples can take.

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.

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.

Dealing with a late-in-life divorce

Many Kentuckians assume that once a couple has been married for 20 years or more, it is unlikely that they will divorce. While it is true that chance of divorce can decline over time, more and more couples are deciding to separate in their senior years.

How to plan for children's college educations after divorce

How to pay for a child's college education may be a worry for many parents in Kentucky, but those worries might grow if the parents divorce. An Ameritrade study found that although around 40 percent of marriages end in divorce, about two-thirds of couple lack a financial plan in case of divorce or the death of one of them.

The process of establishing paternity

The issue of establishing paternity is a common one. Many birth parents in Kentucky and across the country struggle with the issue of establishing paternity, including questions about if they should do it and how establishing paternity can be accomplished. In a best-case scenario, a father will voluntarily acknowledge his children. In other situations, it will take court intervention to establish paternity.

Why many entrepreneurs find themselves facing divorce

Being an entrepreneur is not likely a profession that most Kentucky residents would associate with high divorce rates. This may be due in part to the fact that there are no hard and fast statistics outlining divorce rates for entrepreneurs. However, there are certain characteristics inherent to most entrepreneurs and the circumstances they face that may account for higher divorce rates.

Financial problems when older people get divorced

Some Kentucky couples decide to get divorced when they are nearing their golden years. Since 1990, the rate of divorce among older adults has almost doubled. People who end their marriage when they are 50 or older may face additional financial pressures.

How Kentucky parents can deal with divorce

Going through divorce can be difficult for both parents and their children. That's why Kentucky parents should make sure that they are there for the kids throughout the separation process. Divorced parents may want to look out for any signs of sadness or depression in their kids. This may involve asking teachers and other adults about their children's progress.

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