Part of parenting is planning for your children’s financial security if you were to die or become incapacitated. That doesn’t change just because you and your co-parent are no longer married. What does change after a divorce is how you plan for your children’s future....
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Estate planning updates to consider during a divorce
On Behalf of Burbank & Collins, P.S.C. | Aug 27, 2025 | Divorce Financial Planning
Divorce represents a personal and financial turning point, but it’s also a legal matter that can impact other parts of your life. Amid the emotional and logistical upheaval of divorce planning, many overlook a critical task: an estate planning review and update. ...
Attitudes about alimony for men haven’t caught up with the law
On Behalf of Burbank & Collins, P.S.C. | Aug 3, 2025 | Divorce Financial Planning
Alimony (known as “spousal maintenance” in Kentucky) continues to be largely considered something that men pay to women after separation and divorce. Even though it’s more likely than ever that when a couple divorces that the wife outearns her husband or that the...
Time apart can lead to divorce
On Behalf of Burbank & Collins, P.S.C. | May 3, 2025 | Divorce Financial Planning
When many people think of reasons for divorce, they imagine extreme events that derail the marriage. An example could be discovering that your partner was having an affair or experiencing domestic violence. While these types of events certainly can end a marriage, it...
The role of adult children in your new estate plan after divorce
On Behalf of Burbank & Collins, P.S.C. | Jan 15, 2025 | Divorce Financial Planning
Divorce changes many parts of your life, including your estate plan. As a parent of adult children, you might wonder what part they should play in your new plan. This decision needs careful thought, significantly since your family structure has changed. Key roles...
Insurance changes to consider after your divorce
On Behalf of Burbank & Collins, P.S.C. | Nov 14, 2024 | Divorce Financial Planning
Divorce brings significant changes to your life – many of which can affect your insurance coverage. As you transition away from married life, it’s crucial to review your insurance policies. Failure to update your insurance policies can result in gaps in coverage and...
Can putative fathers be obliged to pay support?
On Behalf of Burbank & Collins, P.S.C. | Sep 26, 2024 | Divorce Financial Planning
Society views fathers as the family's providers. They are tasked with the responsibility of ensuring that the family has enough to not only survive but thrive. But what if you're a putative father? Does that mean you can get away with providing child support? What is...
Are bank accounts the separate property of the account holder?
On Behalf of Burbank & Collins, P.S.C. | Mar 5, 2024 | Divorce Financial Planning
The more assets people acquire during their marriages, the harder it can be for them to settle property division matters during divorce proceedings. Marital resources require division, and spouses often disagree about what they need to share and how to share those...
Estate planning considerations after you get a divorce
On Behalf of Burbank & Collins, P.S.C. | Jan 7, 2024 | Divorce Financial Planning
Going through a divorce can be an emotionally charged experience. Amidst the legal wrangling and personal adjustments that come with divorce, it is unfortunately easy to neglect other parts of life. Your divorce decree finalizes asset division and child-related...
The crucial estate planning update people often forget after divorce
On Behalf of Burbank & Collins, P.S.C. | Sep 27, 2023 | Divorce Financial Planning
Individuals usually want to provide for their spouses no matter what happens in their lives, which means that they generally include them as one of the primary beneficiaries in their estate plans. People also usually trust their spouses, which often means that they...
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