Despite what some political commentators may think, the average single parent in Kentucky is not receiving excessive amounts of child support. According to the Custodial Mothers and Fathers and Their Child Support report issued by the United State Census Bureau, actual child support statistics indicate that the opposite is true.
For many Kentucky families, paying for college is a major concern. Parents want to support their children's educational efforts and dreams, but the cost of higher education in the United States can be overwhelming. The College Board reports that tuition for universities rises about 3 percent each year. This begins from an already-high level; a four-year private university costs an average of $46,950 each year for tuition, room and board and fees while a public university costs an average of $20,700 annually for in-state students.
According to a documentary by filmmaker Rel Dowdell, "Where's Daddy?", flaws in the child support system disproportionately affect African-American fathers. The Urban Institute reports that 70 percent of child support debt is owed by parents whose income is under $10,000 yearly. Some Kentucky parents may be among those who are struggling within the child support system.
No two relationships are exactly the same. That's why you can never predict whose marriages will last a lifetime and whose will end in divorce, at least not with any certainty. If you have already celebrated your 50th birthday and are contemplating divorce, the first thing you should know is that you are not alone in your struggle.
Kentucky families who want to protect their family businesses and wealth over the long term may be well-served by making prenuptial agreements a standard part of family financial conversation. For many people considering marriage, discussion of a prenuptial agreement can seem adversarial, mistrustful or insensitive, especially if it is the first time the issue was raised. However, for people who grew up with a level of comfort with these types of agreements, the process of proposing and executing one may be far more rational and less stressful.
Some parents in Kentucky who are getting a divorce might wonder what is meant by the term "custodial parent". In general, the custodial parent is the one the child lives with more than half the time.