When people in Kentucky get a divorce, the process might be more difficult if they make common financial mistakes. For example, some people may go out and buy an expensive item during or after the divorce. This might feel better in the short term, but they will still have to pay the bill.
Kentucky residents who are about to get married may want to strongly consider a prenuptial agreement. When constructed properly, they can help couples clarify their roles in the relationship in a rational and calm manner. However, some choose not to get them because of the many myths that society perpetuates about them. For instance, one myth is that they are only for wealthy people. The truth is that anyone can benefit from them regardless of wealth.
When people in Northern Kentucky decide to divorce, there can be a range of factors that contribute to the decision to end their marriage. Some people deal with irreconcilable differences regarding parenthood, relationship styles or even where to live. Even long-term couples can be surprised by the differences that come to light once they marry. In some cases, certain personality traits can contribute to a long period of angry, distant communication that leads couples to decide that divorce is the best option.
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.
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 covering similar circumstances found that men living in communities with a high female population were more likely to have shorter relationships. Based on an assessment of 30-years of population data, the newer study focused exclusively on work-related environments.
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 uncertainty and confusion. Fortunately, there are ways to reduce the uncertainty and stress for both children and parents after a marital 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 venue. On other occasions, people might choose a holiday or romantic occasion for their wedding date. However, some research at the University of Melbourne indicates that couples who choose the latter approach may find their date selections accompanied by an increased likelihood of divorce.
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.
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 the split, but by paying attention to how they manage their funds, they can help improve their outlook. There are four major categories that can be impacted by a divorce: assets, liabilities, expenses and income.
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.