These days, divorce is so common that it isn't surprising to discover that someone has experienced it. Though there is sometimes a stigma attached, there is no reason for anyone to be ashamed for having a divorce. It is a common part of life.
The first step for Kentucky couples who need to divide their business in a divorce is to have it valuated. Once they know what the company is worth, they can decide whether they want to sell, keep or split the business.
When a Kentucky couple is going through a divorce and they need to discuss selling their home, there are a lot of things they need to consider. One of the trickier issues is determining whether to accept an offer on their home. A major factor in determining this is the relationship that the divorcing couple has with their real estate agent.
People in Kentucky who claim dependents on tax returns may experience no complications. However, in cases in which the same dependents are claimed by multiple taxpayers, such as divorced or separated parents who both claim their children, the Internal Revenue Service will have to apply certain rules to decide whose claim to allow.
For some parents in Kentucky, keeping up with court-mandated child support payments may seem impossible. While the payments are meant to provide children with the funds they need to live a full life, the support order is generally based on a formula tied to the parents' income. However, in some cases, parents' financial situations change dramatically after the original support order is issued. While a formula is used to calculate that initial order, there is no automatic recalculation based on financial changes. Therefore, some parents may be struggling to make ends meet and find themselves facing child support debt.