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Posts tagged "Divorce"

Going through a divorce with an offshore account

When you decide it's time to file for divorce, you need to get all your ducks in a row, including your assets. Every single asset must be disclosed when going through a divorce. You will sign a financial disclosure form attesting that you've disclosed all your assets. If an offshore account is found, you could wind up in a difficult legal situation.

Don't be afraid to seek help when going through a divorce

One of the most important things to remember when going through a divorce is that you are never alone. You might feel like you are alone, but there are family members and friends who are willing to help you navigate the stressful waters of divorce. You just have to ask. Some people are uncomfortable offering help because they don't want to overstep their bounds.

How to communicate during divorce with your spouse

Going through a divorce is never easy, even if you and your spouse find it easy to communicate with each other. It's still a difficult and challenging time in your life where you need to admit that your marriage could not succeed. Many people will find it difficult to accept, but you need to do everything possible to communicate appropriately with your spouse for the divorce to move forward quickly.

Why getting a divorce is better than staying in a bad marriage

Has your marriage soured to the point where you have contemplated filing for divorce? If so, you likely continue to weigh the positives of divorce against the negatives of staying married. Maybe you have children with your spouse. Maybe you are simply too comfortable and are worried about being single again. Let's look at some reasons why getting a divorce is often better than staying in a bad marriage.

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.