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Elizabethtown, Kentucky, Law Blog

Explaining why you might need a postnuptial agreement

Getting married should be one of the most thrilling times in your life. Even though it can be stressful planning the big day, you should have no trouble taking a step back and taking it all in once it arrives. After you've said your vows, there might come a time where you consider signing a postnuptial agreement. Here are some reasons why this might be a good idea.

One of the most common and obvious reasons for signing a prenuptial agreement is that you want to protect your assets. This document can help prevent a long, drawn out divorce if it ever comes about in Elizabethtown. The postnuptial agreement can document how you want all the assets you have divided up in a divorce all the way down to your collections.

Transfer car title following a divorce

If you are going through a divorce in Kentucky, you need to know about a handful of issues that will affect you. One of those issues involves your vehicle. It's likely that each of you has a car. So, what happens to the cars when you get divorced? Do you each keep your car? Do you sell the cars and buy news ones once the divorce goes final? One thing is for sure: You need to transfer the title.

You will need to bring your driver's license, a bank statement, tax records and the current title to your local agency to have the title transferred. You might need to have the title transferred to your former spouse, if this was part of the divorce agreement, or transferred to your new name.

Using virtual visitation as part of a child custody arrangement

Coming to an agreement on a child custody arrangement is not just for parents who have filed for divorced. It is also for parents of children who were never married in the first place. Many families are now utilizing virtual visitation as part of their agreements, especially if they come to an agreement without the help of a family law court in Kentucky.

Virtual visitation is a relatively new idea for families dealing with child custody arrangements. With the advent of different technologies, many courts are now allowing this to filter into arrangement so long as both parties agree to it. There's a catch here: Virtual visitation should never take the place of seeing your children in person unless you are away for a prolonged period.

Tips for starting a business with a spouse

If you are considering starting a business, there's a lot of information out there that can point you in the right direction regarding taxes, employees, marketing and more. There's one area of discussion that will be vital to your success and that is starting a business with your spouse. Many people hesitate to take on this challenge for various reasons. If you choose to go this route, follow these tips in Elizabethtown so you can protect yourself.

One of the most important tips to follow is to have an emergency fund at the ready. Quite possibly one of the biggest reasons for divorce is money. If you have a personal emergency fund ready, you should be able to handle any issues with cash flow that arise when running your new business.

What causes most divorces in Kentucky?

Most Kentucky families would agree with you if you said life is busy, often chaotic and sometimes quite stressful. While some people are able to keep stress levels lower than others, most, especially married couples with children, experience trying situations at some point in their lives. There are several issues, in fact, that often lead spouses to determine their relationships are no longer viable. Therefore, if you're currently considering divorce, you should know that you're definitely not alone in your struggle.  

What causes divorce? While there's no one answer to that question, many couples cite various factors as major issues that often lead to marital break-ups. You may relate to one or more of these problems. It's easy to feel lonely and isolated when you're navigating divorce proceedings; however, speaking to others who have gone through similar experiences may be a great source of encouragement and support. It's also comforting to know there are strong support networks in place that can help you overcome any obstacles that arise.  

Why couples shouldn't have separate credit cards

Millions of people in the United States who are married have separate credit cards. Some of these married people keep the separate credit accounts hidden from their spouses, while others openly use the separate accounts to buy whatever they deem necessary in life. Here's some reasons why couples should not have separate credit cards in Elizabethtown.

One of the most important pieces of advice that financial planners like to give their clients is that married couples should have joint credit card accounts. Many people think that they won't be responsible for the debt incurred by their spouse on a separate credit card. This cannot be further from the truth. Almost all debt acquired during a marriage can be divided between both spouses during a divorce.

How to effectively use child support payments

It can be very stressful figuring out who will have custody of your children should you and your spouse get a divorce in Elizabethtown, Kentucky. Child custody issues are very complex and most of them must be decided by family law courts. This includes awarding child support, which are payments made to the parent with physical custody of the child by the other parent. Here's how to use these payments effectively.

A great use of child support payments is for your child's education. If you are sending the child to private school the payments can be used to pay for tuition. If the child goes to public school the payments can be used to pay for activity fees, sports fees, books, supplies, transportation fees and many other fees.

A look at age and whether or not it factors into divorce

For many, age is simply a number. For others, age can mean a lot more in life. What about age when it comes to divorce? Does age really make a difference when it comes to divorce? Again, for some it might make a difference. For others, it might have no effect whatsoever on a couple's divorce. Let's take a brief look at how age and divorce mesh in Elizabethtown, Kentucky.

For starters, divorce can be more likely for couples that have a gap in age. Even though many couples with a large age gap make it work, the gap can have a big impact on divorce. The age gap can lead to opposite tastes in activities such as movies, music and TV shows. It can also lead to opposite values since the spouses might be from different generations.

The reasons for separate bank accounts during marriage

If you are preparing to tie the knot this summer in Kentucky, there are some issues that need to be discussed with your future spouse. Some of those issues include whether or not you want children, where you want to live, if there will be a prenuptial agreement signed and how money will be handled. When it comes to money, you need to figure out how money will be kept in bank accounts.

Many couples come into a marriage with individual bank accounts. They then open a joint account that will be used to pay the bills. This is how a large number of married couples manage their money. They keep separate accounts on top of a joint account.

Changing a child support order? In cases, it is possible

When your financial circumstances change, it can be difficult to manage your financial obligations. Whether you are paying child support or you are the custodial parent receiving support payments, drastic changes to your income and needs can lead to financial duress. Fortunately, it is sometimes possible to alter your child support order.

Modifications to a support order are not always easy to obtain in Kentucky, but if you have a valid reason, you may be able to secure a necessary increase or decrease in the amount. Child support can be a potentially complex issue, and with all family law matters, it is beneficial to have qualified support and guidance as you address these issues.