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...
High-Quality Legal Representation In Kentucky And Indiana
Month: August 2018
The complications of dividing assets during a ‘gray divorce’
When Kentucky couples who have been married for decades decide to get divorced at an older age, certain complications may arise. In many cases, older couples who are going through a “gray divorce,” or a separation that occurs when the individuals are over...
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...
A couple of things to consider on child custody and divorce
Child custody and parenting arrangements are two of the biggest issues that come up during divorce for many couples in Indiana. If you are getting ready to file the divorce paperwork, you may find the idea of your children living in a household other than yours...
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