If you are approaching the divorce process as a parent, you probably have many questions and concerns with respect to child custody. The outcome of your custody case could have a major impact on your relationship with your child, as well as their best interests. It is...
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Divorce
Will you pay a penalty on leftover 529 plan funds?
If you had the forethought to form a 529 plan for your child, hats off to you. A 529 plan is a tax-advantaged savings account, the purpose of which is to encourage individuals to save for expenses related to higher education. Though the account owner or beneficiary...
How is property divided in a Kentucky divorce?
You may think your divorce will be a long, drawn-out process, taking months to finalize. Because of the number of stocks, high-end assets and multiple properties, figuring out who gets what and how much might be a never-ending process. Dividing property may be...
What steps could I take to keep my home after a divorce?
Homes purchased during marriage generally divide fairly in divorce. As noted by Mortgage Professional America, keeping a shared home after a divorce typically requires showing that you have the ability to manage it on your own. If you have the means to do so, you...
Which documents might uncover hidden assets during a divorce?
When couples divorce, one individual may attempt to hide assets from his her or spouse during the proceedings. One spouse may believe he or she should not have to divide a certain asset or that the other person is not entitled to any share of it. The Kentucky Bar...
Acquiring property before your divorce is final
When it comes to divorce, you need to go over a myriad of issues, especially if you have a high net worth. The way in which you handle divorce matters will play a key role in your financial future and could affect other aspects of your life, whether you are a parent...
How can you protect a 529 college plan in divorce?
If you are like many parents who set up a 529 plan for their potentially college-bound child, you may have assumed that the plan is the property of your child. You would have assumed wrong. A 529 plan is the property of the account owner, which is typically a parent....
Can a judge deny a divorce in Kentucky?
An unusual ruling in a Kentucky divorce case surprised a couple because the judge decided they should try to work it out instead of granting their divorce. The judge ordered the couple to participate in reconciliation counseling before she would grant a divorce....
How can you ease news of divorce?
Dealing with divorce is a difficult task for anyone, but sometimes, focus on your child can get lost in the stress and shuffle. But your child will face just as much stress and turmoil as you will throughout this process. Thus, you may wonder: is there any way to make...
How might your divorce impact your estate plans?
Past posts on this blog touch upon the fact that there are a number of financial considerations for you (or a loved one) to review following the conclusion of divorce proceedings in Kentucky. One that may not be at the forefront of your (or your loved one's) mind is...