Posts tagged "Divorce"

Keeping your insurance coverage after your divorce

It goes without saying that your divorce will bring with is several changes. Yet one that many of the clients in Covington that we here at The Berger Firm have worked with in the past have overlooked is healthcare (or more specifically, who will handle the costs of yours and your children’s healthcare once your divorce becomes final). During your marriage, you may have been covered under your spouse’s group health plan. Your divorce will almost certainly affect that coverage; the question is to what extent? 

Is divorce the right option for me?

While all marriages encounter issues from time to time, in some cases problems might seem insurmountable. This often leads one or both spouses to consider divorce, especially when plagued by the same issues over and over again. If you're concerned your marriage might be in trouble, Reader's Digest recommends looking for the following signs. 

Dividing a 401k during property division proceedings

As people prepare to enter into divorce proceedings in Covington, they likely understand that they will need to make some concessions to their soon-to-be ex-spouses in the area of property division. One element of this particular issue they may not be expecting to deal with is the division of their individual 401k accounts. Many often question why a 401k would be included amongst their marital assets. As contributions to a 401k account are made from one's income (which is indisputably a marital asset), they are also considered shared. 

Determining child support in Kentucky

When you and your spouse choose to divorce, you both likely understand that some sort of child support obligation will be placed on your both. Like most parents, neither of you has any issue with this; where people from Covington in your same situation that have come to us here at The Berger Firm do have concerns is knowing exactly how much they will be required to pay. You do not want to be placed in the position of thinking that you are being taken advantage of by your ex-spouse when it comes to paying child support. Understanding how the state determines what should be paid each month may help to ensure this does not happen. 

Detailing Kentucky's alimony laws

Many of those who choose to seek a divorce from their spouse's in Covington may immediately assume that they are entitled to alimony payments (also referred to as "spousal maintenance"). This likely comes from the notion that many may subscribe that alimony is akin to a punitive action leveled against the spouse who makes the most money. Yet those expecting alimony as part of their divorce settlement may ultimately end up disappointed. That is because spousal maintenance is typically only awarded after a careful review of one's case by the court. 

When should you consider relocating during divorce?

Once you and your spouse have decided to seek a divorce in Kentucky, one of the hardest challenges you may face is deciding how child custody will be arranged and how parental responsibilities will be coordinated. Depending on your situation, you may have considered the possibility of relocating and finding a new place to live. Understanding when relocation is in your benefit is valuable to help you make a good decision that will hopefully put you and your children in the best possible situation. 

Relocating following divorce

Maintaining strong familial bonds can be difficult after parents divorce in Covington, particularly for young children. Kids rely on having easy access to their parents for advice and assistance during their formative years, and even with today's technology, separation limits such access. The desire on the part of divorced parents to move on from their marriages can also put further strain on the parent-child relationship, which can almost be altogether severed if one parent chooses to relocate. 

Detailing Kentucky's child support guidelines

People often go into divorce proceedings in Covington with a "go for broke" attitude, thinking that a way to exact punishment on their ex-spouses is to attempt to collect an inordinate amount of support from them. They might believe that the amount the court will oblige their ex-spouses to pay in areas such as child support is left up to them. In reality, every cent of the $33.7 billion that the U.S. Census Bureau reported as being owed in 2015 was determined by state courts (completely independent of the motives and feelings of the parties involved). 

What should I know about division of assets?

No matter how long you've been married, Kentucky couples and those elsewhere, are in for some trying times when a marriage ends. The situation is stressful for all involved, including the one seeking a divorce. Emotions run high on both sides and change frequently, from anger to denial, heartbreak, and confusion.

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