If you and your spouse are currently separating and going through the process of divorce in Kentucky, you may be faced with a string of important decisions to make regarding your future. A lot of these decisions must be carefully made to prevent compromising your financial stability. One of the things you may need to split with your ex-spouse is your retirement plan or benefits. While this may sound complicated, if you are proactive and begin the process of splitting benefits relatively quickly, you may be able to avoid a lot of unnecessary drama and stress.
How arbitration may affect the outcome of an insurance dispute
If an insurance dispute arises, a claimant may immediately threaten to take your company to court to force you into a settlement. Not only can this be costly and time-consuming, it is also likely to lead to bad publicity. At Fowler Bell PLLC, our legal team often counsels insurance carriers on the benefits of an arbitration clause.
A different kind of custody arrangement
One of the trickiest parts of a divorce for parents is finding a fair way to share custody of the children. Traditionally, one parent remains in the family home with the children, and the other parent finds a separate home that the children visit throughout the week. Parents schedule holidays, vacations and weekends, and kids often end up with two sets of everything.
Should I have a prenuptial agreement?
If you are a Kentucky resident who is in the midst of wedding preparations, the last thing you probably want to think about is the possibility that your marriage may one day end in divorce. As FindLaw points out, however, given the rate of divorce in America, signing a prenuptial agreement now may save you a lot of heartaches and headaches in the future.
