With more couples here in Kentucky and elsewhere divorcing around or after retirement age, supplementing income becomes a primary concern. Any retirement accounts the couple would have shared had they remained married are more than likely diminished through the...
Month: February 2019
Tips for protecting a business in case of divorce
Some entrepreneurs in Kentucky may want to take steps to protect their business holdings in case of divorce. One way to do this is with a prenuptial or postnuptial agreement. Neither a prenup or postnup will necessarily allow a business owner to keep the entire...
Preparing for the end of a marriage
Most people exchanging vows in Kentucky aren't thinking about how they would plan for a divorce if their marriage should end. However, each year, roughly 2 million Americans untie the knot. This is why it's generally advised that couples considering a split do so with...
Dealing with education savings during a divorce
College tuition can be an unanticipated casualty of divorce for parents in Kentucky who decide to end their marriages. According to studies, almost 40 percent of marriages end in a dissolution, but few couples plan for the financial effects of divorce before it...
Survey finds common factors in divorce
Kentucky couples might benefit from premarital counseling, but even people who have been through this kind of counseling may still end up divorcing. In a survey of people who had participated in a program called PREP 14 years earlier, which focused on improving...