Married couples in Kentucky who are thinking about splitting up should carefully consider what they do before and during the divorce process. Certain actions and decisions can result in very expensive consequences. It's important that separating spouses take care to avoid these mistakes when a divorce is on the horizon.
For many people in Kentucky, prenuptial agreements seem like a matter for celebrities or ultra-wealthy entrepreneurs. They may not seem relevant to people of average income and wealth, especially when they are just starting out in life. Indeed, many people think of young marriages as those that are least likely to need prenuptial agreements given that neither party has had significant time to accrue serious assets, launch businesses or have existing children from prior relationships. However, some experts advise that students who marry while completing college, university or graduate school may benefit from considering a prenup.
Some Kentucky couples who are ending their marriage will go through what is known as a high-asset divorce. These can be more complex than other divorce cases because of the different types of property involved and the work it takes to calculate the value of the marital estate. There are several ways to make going through the process easier.
It's not all that unusual for a man seeking a significant other in Kentucky to opt for someone more physically attractive. In fact, an analysis of online dating site data shows both men and women have a tendency to pursue potential partners up to 25 percent more attractive than themselves. However, there's research suggesting that men who tie the knot with significantly more attractive women have a higher divorce risk.
A study conducted by Fidelity says that money may be a source of stress for many couples in Kentucky and throughout the nation. According to the survey, 40 percent of respondents said that debt had a negative impact on their relationships. It was not uncommon for couples with debt to have trouble communicating about money or other subjects. Failing to communicate about household finances may make it difficult to come up with a plan to deal with issues that may arise.
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.