Blog Posts in December, 2015

Budgeting for alimony after a divorce

Divorce isn't just an emotional affair; it is a financial one too. Alimony, whether you are the paying spouse or the receiving spouse, is a big part of post-divorce financial planning for many Kentuckians. What types of factors go into an alimony award? In general, how long the marriage lasted, whether one spouse had been out of the workforce, and any assets received through property division may ...

Actor Antonio Banderas finalizes divorce

It may seem to residents of Kentucky that many Hollywood marriages are just a flash in the pan, but in reality they can last for decades. However, no matter what a person's fame or wealth is, it is entirely possible that their marriage simply cannot endure and it is best to divorce. 55-year-old actor Antonio Banderas and his wife, actress Melanie Griffith, have recently finalized their divorce. ...

Make sure your prenuptial agreement is enforceable in Kentucky

The common estimate is that nearly half of all marriages nationwide will end in divorce. Keeping this reality in mind and being proactive can benefit Kentucky residents down the road should they find they need out of an unsatisfactory marriage. Many Kentucky couples may have considered entering into a prenuptial agreement, but may not understand the legalities of how to do so. In Kentucky, each ...

No prenuptial agreement? Consider a postnuptial agreement

While some couples in Kentucky choose to create a prenuptial agreement before getting married, there may be many reasons why a couple would fail to do so. After all, a prenuptial agreement may not seem very romantic or could even be seen as a sign that an individual expects the marriage to fail. However, just because an individual decides to enter into a prenuptial agreement doesn't necessarily ...