Couples are rarely prepared with a financial plan when it comes to a divorce. This often puts the children's college goals in jeopardy, since tuition plans are rarely discussed among married couples. All couples in Kansas City, Kansas should have a financial plan in place whether divorcing or not.
Protecting College Dreams in Wake of Divorce
How divorces can impact children
Divorced parents in Missouri should learn how to communicate with each other for the sake of their children. Poor communication could manifest itself in a situation involving a father who struggles to schedule play dates for his daughter while the mother does so easily. Talking about the problem could help the struggling parent understand whether the parents of the other children feel awkward or uncomfortable around that person.
Getting financial matters organized before divorce
For some people in Kansas who are considering divorce, a first step may be to get copies of all financial documents and put them somewhere safe. These can help a person who has not participated much in financial decisions to start learning about the family finances, and getting copies saves a person having to do so later when the divorce might have turned acrimonious and they might be much more difficult to get from the other spouse.
How to help the child of a divorce make a healthy adjustment
Kansas parents who are going through a divorce may want to take certain steps to make sure the separation doesn't have long-lasting negative effects on the children. In fact, parents should leave children out of their conflicts entirely. Efforts to turn children against the other parent can harm the child and potentially backfire.
Divorce finances improve with planning
Kansas couples should know that the best time to plan for the end of a marriage is well before the start of trouble. Waiting until a divorce action is filed to think about money can leave spouses in financial jeopardy that reduces their negotiating power and hampers their ability to successfully transition to post-divorce life.
Child support enforcement system sees improvements
During a divorce in Kansas, child support and other financial issues can be some of the most contentious and difficult to resolve. Nevertheless, after the divorce is final, and a child support order is issued, it is mandatory that parents pay the support required. When a someone fails to pay court-ordered child support, the consequences for his or her children's well-being can be serious. Due to the importance of mandatory child support, the federal Office of Child Support Enforcement (OCSE) is working to improve the mechanisms used to enforce and implement child support orders.
Splitting 401(k) plans correctly
One of the many issues that Kansas couples may face during divorce involves dividing retirement assets. During this process, they should be very careful as different retirement accounts have their own sets of regulations. Dividing the funds in the wrong way may result in very high penalties and taxes as well as unintended allocations to an ex-spouse.
Financial issues can linger after divorce
For many Kansas divorcees, financial obstacles can be some of the most stressful challenges at the end of a marriage. Beyond the emotional and practical issues that accompany a marital split, the ongoing effects of financial decisions made during divorce can have long-term consequences. Even after a settlement has been reached, there are a number of financial tasks and concerns that must be addressed in order to successfully move forward.
Myths that hurt marriages
Problems within a marriage sometimes arise not out of fundamental differences between two people but because of faulty ways of thinking. Kansas residents might like to know about some widely believed marriage myths that can actually hurt relationships. These toxic views can warp one's perception about marriage and cause issues in even healthy unions.
Cooping with financial issues following a divorce
Divorce is a traumatic experience that can bring many changes to the lives of Kansas couples. In addition to wreaking havoc with emotions, separations frequently have a major impact on finances.
