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August 2016 Archives

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A home might be sentimental, but is keeping it best?

Recently, we have shared posts about divorcing later in life. Whether someone is in the midst of the so-called "gray divorce" or younger when splitting from their spouse, the matter of the family home often comes up. For many, part of the family dream wasn't just the ideal marriage, but the ideal family home to go with it. 

How to Avoid Financial Mistakes During a Divorce

Divorce can leave you feeling vulnerable. However, it's important to focus on financial details during this time as your future depends heavily on your divorce settlement. Your legal counsel should be experienced in the division of marital and separate assets, and have a passion for advocacy on behalf of their clients. "Equitable distribution" is not the same as an even 50/50 split of all assets, so pay attention to financial matters throughout your divorce proceedings.

Limiting the financial hit of a gray divorce: Part 2

In the first post in this two-part series, we talked about one of the things that could put an older individual in a particularly tough financial position following a divorce: asset hiding by their spouse. Another thing that could have very negative financial implications for a person in a gray divorce is not being careful enough when it comes to what is ultimately in a settlement they reach when it comes to property division.

Limiting the financial hit of a gray divorce: Part 1

As a person gets older, their financial situation can shift quite a bit, through things like retirement and medical expenses. This shifting can make an older person particularly vulnerable to financial changes. This can create some special concerns when a person over 50 decides to divorce (such divorces are commonly known as gray divorces).

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