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December 2019 Archives

Knowledge of investments can empower women considering divorce

The new year brings thoughts of new possibilities and new beginnings. For some Kentucky women, this may include thoughts of divorce. January is a month that sees many divorce filings as people consider starting over in the new year. Many women may be older and have been in a marriage for many years and may lack knowledge regarding retirement investments. Financial concerns can be considerable as women in this group may have stayed at home to raise children and may not be certain of their ability to return to the workforce.

Understanding custody terminology can help at a difficult time

Divorce is a difficult process to go through in Kentucky under the best of circumstances. When children and the question of child custody are involved the process can become much more stressful and complex. Understanding the legal terms that applicable to custody decisions can help to clarify what is at stake and help to keep the best interest of the child at the forefront at all times.

Dividing retirement assets in divorce need not be costly

Divorce can be a challenge to navigate in Kentucky and financial issues are perhaps the most challenging. It is particularly important that these accounts be handled correctly in order to avoid an unnecessary tax burden. IRAs and 401(k)s can both be divided without incurring penalties or taxes at the time of the split as long as the transactions are appropriately handled, thus maintaining the value of the retirement assets.

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