Millennials Have Changed Approach to Marriage and Divorce

The generation of adults born between 1981 and 1996 have been dubbed the Millennials. This demographic has been alternatively praised and condemned for their approach to things in life that were once regarded as unchangeable, including the divorce rate. Regardless of whether they reside in Kentucky or elsewhere, they have been credited with helping to reduce the divorce rate among those under the age of 45.

Millennials have been seen as willing to embrace technology and all of the social applications that have become a part of daily life. Because of their ease around technology, they have helped make divorce a less turbulent experience. They have become more comfortable posting about the end of the marriage on social media accounts and are willing to make use of dating apps once they feel ready to move forward.

This generation has also worked to make the divorce process less costly and time-consuming. They tend to utilize record-keeping apps and are more comfortable communicating with their lawyers through email and apps rather than more expensive in-person meetings. They are also more inclined to draft prenuptial agreements before they marry, as attorneys have noted a significant increase in the number of couples seeking these documents.

Possibly one reason for the decrease in the divorce rate for this age group is they tend to marry later than the previous generations. Furthermore, their attitude toward filing for a divorce is more accepting without the guilt feelings that previous generations reported. Even though the divorce rate may be leveling off for some demographics, couples may still encounter difficulties that they cannot overcome. In order to arrive at a settlement agreement that will best meet one’s current and future financial needs, Kentucky residents may be best served by seeking the assistance of an experienced attorney.

Books Can Help Children Process How a Divorce Will Affect Them

There are many quality books on the subject that are geared toward the younger reader. While some are simple picture books, all of them are written in a manner that can help a child understand that a divorce is a common experience that can be survived without undue pain. Recently, a list of 20 books intended for young readers was compiled, and the books listed present the topic of divorce in ways that are both humorous and compassionate. These books are not meant for young adult and teen readers as there are other lists that are more appropriate for an older audience.

Several of the selected books are written in a manner that introduces the reader to the idea that families can take many forms, including through remarriage and step-families. Some of the books do focus on the sadness that accompanies a divorce, while others take a more humorous track by highlighting the effort children go through by traveling back and forth between the homes of their parents. Some of the selections directed toward older readers also address the complicated and darker themes that may be involved in domestic violence and how the characters cope with these disturbing emotions.

Overall, books can be a non-threatening way to help children adjust to the changes that come with divorce. Parents have may resources that can help them ease their children’s worries and apprehensions. Kentucky residents who are going through a divorce and are struggling to resolve the myriad issues that are involved may benefit from the guidance offered by an experienced family law attorney.

Is There Any One Thing That Will Lead to a Divorce?

Overall, marriage and relationship professionals say that there are several reasons as to why a marriage may not thrive. For many couples, it is more of a culmination of stresses or irritations that may have contributed to their realization that a divorce is the best option for them. Some spouses may have a preconceived idea of what may cause them to seek a divorce, but find that the actual last straw was something they did not anticipate.

For some couples, the moment that opens their eyes may not be a dramatic event such as an extramarital affair. Rather, it can be buildup of emotional reactions to something lacking in the marriage or to consistently poor or neglectful treatment. For many, the so-called last straw is arguably more about self-realization that either they are no longer being fulfilled by the marriage or they are no longer invested in working on the relationship.

One spouse may have come to the realization that he or she is ready to leave the relationship before the other is aware that a divorce may be imminent. This allows one spouse the opportunity to start grieving the end of the relationship, which typically leads to more emotional distance. Regardless of whether there was one clarifying moment that led to the decision to file for a divorce, Kentucky residents will likely be concerned about how they will fare financially after a dissolution. An experienced attorney can provide guidance in structuring a settlement that will meet one’s needs.

Navigating Divorce and New Tax Laws in 2019

Starting on January 1, tax laws that pertain to the taxation of alimony will change. Divorce professionals believe that these changes could make it less likely that couples will be willing and able to negotiate on the issue of spousal support. Ultimately, this could lead to more contentious divorces that otherwise could be resolved through discussions and negotiations.

What do new tax laws mean for you?

Because of these new changes, many Kentucky couples are working to finalize their divorces before the end of the year. However, this may not be an option for you. If you are planning to move forward with the divorce process after the first of the year, it can helpful to learn more about these changes and what they can mean for your post-divorce financial situation.

For 75 years, the spouse paying spousal support was able to deduct that amount for tax purposes. This will change, however, and it may be helpful for you to understand the following facts: 

  • The payer will no longer be able to deduct the amount he or she is paying to the lesser-earning spouse.
  • The intent of the new tax changes is to generate more tax revenue; estimates suggest that it could amount to several billion dollars.
  • Taking away the tax break for the paying spouse may take away the incentive for couples to negotiate on spousal support as they finalize the divorce agreement. 

The intent of spousal support is to lessen the financial strain that a divorce can bring on a lesser-earning spouse. Whether you will need support after your divorce or you are worried about your ability to pay, you have the right to pursue a final settlement that will allow you stability and security for years to come.

Your post-divorce future is at stake

Divorce will change your life and your finances, and it is critical to pursue a resolution that does not leave you with unmanageable financial burdens or with insufficient support. It may be beneficial for you to seek a complete evaluation of your case in order to understand what to expect before you move forward with divorce.

Financial Stress Often Root Cause Behind Many Divorce Filings

Love can cover a multitude of issues; however, money woes can seldom remain buried for long. It almost goes without saying that monetary difficulties are behind countless divorce filings. Kentucky residents who are struggling in their marriages may be finding that disputes over debt are at the root of their arguments.

Though a couple may not cite financial differences as a reason why they are seeking a divorce, in reality, debt often plays a role in how much a couple may fight. It is estimated that many underestimate their amount of student loans by approximately 25 percent. Credit card debt is often undervalued by nearly 37 percent. When a debt load endangers a couple’s ability to pay essential expenses such as utility bills, it places an enormous amount of pressure on a relationship.

It makes good sense for couples to seek assistance in handling debt when their relationship begins to suffer. There are several options for addressing debt that has become unmanageable. Once they are able to manage their money more effectively, a couple may be able to set more realistic goals for their future. Couples who have not yet married may consider entering into a prenuptial agreement in order to determine how their individual debts will be handled. Those who are already married may choose to execute a postnuptial agreement in order to create a financial plan that could facilitate debt management or a future dissolution.

There are many stressful matters that can eventually take a toll on a relationship. It is estimated that debt and disagreement over money management adversely affect nearly 40 percent of couples. Those who fight over financial problems are more than 30 percent more inclined to file for divorce. Kentucky residents who find themselves facing a divorce may benefit from enlisting the assistance of an experienced attorney who can help them arrange a satisfactory settlement agreement.

The Divorce Process is Not One That Comes Naturally

The first step is to be sure that a divorce is the best way to resolve the problems that are making the marriage untenable. If a divorce is the definite solution, then one must decide the best manner to pursue to obtain the divorce decree. There are three main options for a divorce: mediation, collaboration or litigation. It depends upon one’s particular circumstances as to which option is the best fit. Once that has been decided, spouses will need to seek out legal representation.

Once one has retained the attorney of one’s choice, the next steps include accepting that a divorce is a lengthy process that may take longer due to specific circumstances in each unique family. During this time, it is helpful to go through one’s finances and prepare a list of all marital and separate assets as well as expenses. Though it is a common belief that the party who files for a divorce will be the one to pay for it, courts tend to look at the couple’s finances and the particulars when ruling which party will pay more.

Once a separation agreement has been worked out, the next step is to file the divorce petition. After the official filing, the process could still take months to complete, depending on such things as whether there are children involved or considerable assets. Kentucky residents may be best served by seeking the guidance and support of an experienced attorney who can provide the skill necessary to reach the settlement agreement that will best meet one’s needs.