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Divorce Archives

Never lie when disclosing assets during divorce

When you or your spouse files for divorce it is a change in your life as you know it. Going back to being single, with one source of income, can be a major change to adjust to in Kentucky. When you go through the divorce process you will be asked to disclose your assets. You should never lie about any of your assets, or try to hide them, as you could be hit with serious consequences.

How to protect your pension during a divorce

If you are preparing to file for a divorce in Kentucky, and you earn a pension, you need to know how to protect your pension if at all possible. Most pensions cannot be touched until the recipient has retired, which means if you withdraw money prior to retirement, you will be penalized. But what happens if you get divorced prior to reaching retirement? What happens to the pension?

Common reasons why people file for divorce

Divorce is a word that most people never want to hear come from the mouth of their spouse. Sometimes, it is inevitable. Marriages aren't always meant to last. Problems will arise that can affect your marriage to the point where it cannot be repaired. Let's look at the common reasons why people file for divorce.

How support groups can help with divorce

If you are about to file for divorce, are in the middle of a divorce or have recently finalized a divorce, a support group might help you deal with the emotions that come with such a stressful situation. Let's take a look at how support groups can help deal with divorce so you can make an informed decision about joining one.

How divorce can indirectly impact your credit

Divorce will have many impacts on your life, including your financial life. But, these impacts will not be direct when it comes to your credit score. A credit report does not mention whether or not you are married, which means filing for a divorce will not reduce your credit score. There will, however, be indirect impacts from the divorce that hurt your score.

Keep your personal life off social media during a divorce

Social media has become part of our daily lives. Millions of people have Facebook and Twitter accounts along with a presence on various other social sites. People post just about everything they can find on these accounts, including pictures of their life and other personal activities.

Preventing family arguments with an estate plan

It's common for a family to enter into a fight upon the death of the father or mother, or both. This often occurs when there is no estate plan in place or when the estate plan is not effective. Family fighting after the death of a loved one is never easy. Most fights are over the inheritance left behind to the adult children because they feel it's not fair. Here's how you can use an estate plan to avoid fighting.

The impacts of divorce on your credit score

Going through a divorce is never easy, even if you and your spouse knew this day was coming. Divorce is difficult for couples of all ages and lengths of marriage, and it is especially hard on children. Divorce can also have a ripple effect on your credit score. The physical act of divorce will not hurt or improve your credit score, but all of the financial implications from divorce can negatively impact your credit.

Does digital communication ruin marriages?

Do you find yourself wondering why so many marriages end in divorce? You understand that there are specific reasons in many cases, such as abuse, alcohol addiction, etc, but you also see a general trend of relationships just not working out. Why do people find it hard to maintain that connection?