The divorce process can be trying at the best of times. However, tensions are often heightened when children are involved. After a couple has separated, Kentucky courts will typically try to ensure that children maintain a loving relationship with both parents....
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Month: September 2021
Don’t badmouth your co-parent: The repercussions can be serious
On Behalf of Burbank & Collins, P.S.C. | Sep 15, 2021 | Child Custody
Pretty much every parent wants what is best for their child. However, the highly emotional and stressful roller coaster that comes with divorce can prompt some parents to resort to saying awful things about their future ex. Taken too far, badmouthing and attempts to...
Can money lead to divorce?
On Behalf of Burbank & Collins, P.S.C. | Sep 10, 2021 | Divorce Financial Planning
People attribute special powers to money. They claim it corrupts people, starts wars and causes divorce. Yet, money is nothing more than bits of paper and pieces of metal. The real problem lies in people’s attitudes to money and, in the case of a marriage, how they...
What happens to your mortgage in a divorce?
On Behalf of Burbank & Collins, P.S.C. | Sep 8, 2021 | Divorce Financial Planning
If your house has an outstanding mortgage you need to take extra care in a divorce. When you own a property outright, it becomes one more asset to divide. Yet, if there is still money to pay, the property is technically not yours, but the bank’s and they will get...
Can you celebrate your divorce using the joint credit card?
On Behalf of Burbank & Collins, P.S.C. | Sep 3, 2021 | Divorce Financial Planning
If your marriage has turned sour, you might think about how to get your own life back in the divorce. Throwing a lavish party and putting it on the joint credit card would be a great way to blow off steam and annoy your spouse in the process. Yet, like any other such...
The one thing that can cost you your inheritance in a divorce
On Behalf of Burbank & Collins, P.S.C. | Sep 1, 2021 | High Asset Divorce
When you divorce, you need to divide your property into two categories -- marital property and separate property. Marital property covers most things you acquired since you married, and you need to divide this between you. Separate property does not need division....
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