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Fort Mitchell Family Law Blog

There may be an option to avoid monthly alimony payments

When a marriage was comprised of one primary income earner, then a divorce may leave one spouse wondering how he or she will make ends meet -- especially if one has been out of the job market for an extended time. It is in these cases that a judge may order a former spouse to pay alimony for a period of time. Kentucky residents who have been ordered to either make or receive these payments may wonder if they have options for how those obligations are met.

In the majority of divorce settlements, the spouse who was the main support during the marriage may be ordered to pay the former partner a set amount of money every month for a stipulated period of time. In many situations, the individual making the payments may worry about the consequences of missing a payment or may resent the on-going monthly obligation. In some circumstances, it may be possible to set up a lump sum payment that will meet the total amount while freeing the payer from having to continue making this a regular part of his or her monthly expenses.

How to create a cohabitation agreement

Last year's divorce data was available for the state of Kentucky was in 2015. In that year, the divorce rate was 3.7 while the marriage rate was 7.2. The rate relates to the number of occurrences for every 1,000 people. 

There are numerous factors to consider during a divorce, including where each spouse will live until the divorce is final. Most couples live separately, but others cohabitate to save money. A divorcing couple living together is certainly doable, but the couple should create a cohabitation agreement that clearly lays out the terms for how each spouse is to behave. 

Claims of drug, alcohol abuse may negatively impact child custody

Dealing with any type of serious accusation can be difficult. When a Kentucky resident is accused of drug or alcohol abuse while in the middle of child custody proceedings, the situation may have even more at stake. As a result, the individuals involved in the process may need to gain a lot of information on their legal options and how such claims could play out during family court proceedings.

If a person is accused of drug or alcohol abuse and evidence exists that supports those claims, the court will likely order testing. Whether the testing involves urine screenings, nail testing, blood tests or other methods, the results could have a significant impact on custody outcomes. If the tests indicate that a parent has a drug or alcohol problem, the court will likely not rule in his or her favor.

Property division in gray divorce can affect standard of living

The concept of marriage is changing. More people choose a partnership path that is based on personal fulfillment, and older couples who once may have been more reluctant to divorce are embracing new norms, paving the way for a surge in what the experts call "gray divorce." During a gray divorce, older individuals face many of the same challenges as younger people, but property division can be trickier for these couples. In Kentucky, many older couples have retirement accounts and their home as assets, and dividing these types of assets may take more negotiation and forethought. 

When a person divides a retirement account, there are tax concerns and fees. If a person splits a 401(k) or an IRA account and does not immediately roll it over into another retirement account, the sum is subject to taxation. Brokerage accounts have fees associated with withdrawal. What has been considered an adequate nest egg can be quickly diminished if the fees and taxes are not taken into account. 

Child custody dispute between Kardashian, Chyna comes to terms

Though most people want their family disputes to be resolved quickly, not everyone has that luxury. Depending on the nature of the issues, some problems could see many conflicts and disputes before a resolution occurs. When it comes to child custody battles, this type of scenario can often prove difficult to address.

Kentucky residents may be interested in the recent custody decisions that were made between reality personalities Rob Kardashian and former fiancee Blac Chyna. The former couple have a 10-month-old child together, but they are not quite a happy family. Chyna filed domestic violence claims against Kardashian, and the two have apparently been in a heated custody battle that included Kardashian posting a nude photo of Chyna as revenge and Chyna obtaining a temporary restraining order.

How to approach a high-asset divorce in Kentucky

Divorce is rarely a cut-and-dry process, and practically never when it comes to marriages with many assets. However, how you approach a high-asset divorce can affect how long it takes and what the results will be.

For the best outcome, educate yourself on the different ways you can seek a divorce and how to prepare financially for the end of your marriage.

Financial knowledge may assist with Kentucky high asset divorce

Wealthy individuals often prepare themselves for various situations that could impact their finances. However, some scenarios may seem less expected than others, and in the event of high asset divorce, Kentucky residents could face uncertainty due to the number of factors that can impact such an event. Luckily, as with most other major life events, steps can be taken to better face the coming changes.

Most parties with considerable wealth like to stay in the know when it comes to their finances. Of course, keeping up with every account, asset and dollar may not always be easy. Though individuals may have professional assistance keeping finances in line, having their own knowledge of their personal finances could help them when faced with divorce proceedings.

Mike Epps to pay thousands in alimony to ex-wife

Many Kentucky residents may think that celebrities have it all. Numerous individuals may believe that lavish lifestyles, fame and appearing to have enough income to go around adds up to the perfect life. However, even individuals in the spotlight can face considerable difficulties, and divorce is one of those situations. When this type of event occurs, a high net worth could potentially lead to considerable alimony and other support payments.

Mike Epps is currently facing such a situation as the terms of his divorce settlement were recently revealed. Reports stated that after approximately 10 years of marriage, Epps filed for divorce from his wife. Chenelle Epps stated that she was caught off guard by the ending of the marriage, but she also attributed the dissolution to Epps' apparent involvement with another woman.

Prenups may help with high asset divorce concerns in Kentucky

When some Kentucky residents consider the idea of marriage, they may see it as an event that blends all aspects of two lives together. However, that does not necessarily have to be the case, especially when it comes to finances. Because some parties may have worries about the possibility of a high asset divorce, choosing not to combine certain assets may prove wise.

In order to dictate how property will be viewed during marriage and in the event of divorce, many people utilize prenuptial agreements. These documents can have a variety of uses and benefits, and for parties wanting to protect their assets, it may be the best course of action. Indeed, many individuals in the millennial generation have taken to the idea of creating these agreements.

3 frequently asked questions about cohabitation agreements

So you are living with the love of your life, but you two have decided not to pursue marriage. Whether this is a temporary or permanent decision, you might feel a sense of freedom. However, without marriage, you are also without certain protections. For example, how will you split up your assets if you break up? What about future support for any children?

If you want to enjoy some of the protections of marriage without the vows, you might want to create a cohabitation agreement. Here are answers to some commonly asked questions about this type of contract.

Divorce Information Center

Contemplating divorce is difficult. Whether or not you are sure you want to end your marriage, it helps to learn the basics of divorce law.

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