Alimony, or spousal support, is a court-ordered agreement in which one spouse must provide financial support to the other during or after a divorce. The goal of alimony is to provide for a spouse’s financial well-being until he or she can survive independently. If the...
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Month: June 2019
Will you need a qualified domestic relations order in your divorce?
If you are involved in a divorce and have retirement accounts to divide, you will likely need a qualified domestic relations order, or QDRO. This is a court order that authorizes your plan administrator to divide your IRA, 401(k), pension or another retirement account...
What are some deciding factors in a relocation case?
If you and your child's other parent are no longer together, it can cause issues if one of you decides you need to move away. This is a major issue when it is the parent who has physical custody of the child or if you share parenting time. Obviously, one of you moving...
Why does gray divorce happen?
Colloquially referred to as a gray divorce, the trend of later-in-life divorces has received extensive media coverage in recent years. As the Baby Boomer generation ages and medical advances have allowed more people to live longer than in previous time periods, you...
What are some alimony alternatives?
One of the perks of a high asset divorce in Kentucky is that you have more assets to use in your negotiations with your spouse. This can be quite beneficial when it comes to paying alimony. According to Investor's Business Daily, finding different ways to appease a...
