Month: August 2018

Month: August 2018

New tax laws that could impact divorce planning

In 2015, more than 600,000 taxpayers across the country, including many in Kentucky, were able to claim a deduction for alimony payments. However, thanks to the Tax Cuts and Jobs Act, alimony will no longer be deductible by the individual paying it and the income will...

Renewing a retirement plan after a divorce

Kentucky residents who decide to divorce may face more significant, longer-lasting financial changes that far outweigh the emotional issues that can accompany the end of a marriage. After years of building savings accounts, the division of assets that comes with...

Student loan debt is ruining some marriages

The average student loan debt for new college graduates in 2017 was nearly $40,000. Unfortunately, those high levels of debt could lead some Kentucky couples to divorce. Research from Student Loan Hero shows that 13 percent of divorcees blame student debt specifically...

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