The divorce rate for those ages 50 and older has doubled over recent years. Dubbed “gray divorce” by some, calling it quits during your senior years may no longer be a decision that raises eyebrows. The divorce rate for those ages 50 and older doubled between 1990 and 2010, according to a study by Bowling…
Property Division
Resetting Your Retirement After Divorce
When couples divorce, long-term financial priorities sometimes receive the least attention. Many money issues are about immediate needs – where to live, how to handle everyday expenses and if there are kids, how to support their needs in two households, not one. This is why retirement planning can face serious obstacles post-divorce. In marriage, a…
9 Tips for Dividing Your 401(k) During a Divorce
Dividing a 401(k) for a divorce settlement is less painful when you know about the plan and take the right steps that ensure both people are satisfied. A 401(k) plan is marital property, just like other possessions that need to be divided. Here are nine ways you can handle assets in the plan during a…
Managing High Asset Divorces in Massachusetts
All divorces can be stressful and important to spouses facing a divorce. However, handling divorces with a high asset value has some additional inherent complexities that not all spouses, or even all attorneys, are aware of. When addressing high asset divorces, there are complicated issues that have to be addressed within alimony, property division, taxes,…
How to Protect Your Company From Your Business Partner’s Divorce
Before you formed your business partnership, did you vet your partners’ marriages along with their bank statements? You may not consider it until divorce proceedings are underway, but your partners’ spouses likely own a part of your company, whether you want them to or not. In my day job as a financial strategist specializing in…
Uncovering Hidden Assets in Divorce Litigation
If you’re considering hiding assets in your divorce, you might want to think twice. Alternatively, if you’re concerned your spouse may be hiding assets from you know that you have options. For better or worse, the reality is when marriage gets tough people often hide money. Regardless of their wedding vows, many couples experience such…
Weighing Divorce Options
What is the role of stock options in negotiating a divorce settlement? Far from being an academic question, the answer can actually determine the ownership of hundreds of thousands of dollars generated by the sale of appreciated stock acquired through company stock options. By specifying in the divorce settlement exactly how stock options will be…
Divorcing During Your Golden Years
Recently there has been an uptick in divorces amongst Baby Boomers. Given that Baby Boomers are now in their 60’s, a divorce involving Baby Boomers, or any older couple, is known as a gray divorce. Although a divorce for an older couple proceeds just like any other divorce does, there are certain factors that both…
Divorcing Couples Should Get Objective Market Evaluation of Real Estate
There is a Discussion going on within LinkedIn’s Collaborative Family Law Group about how divorcing couples should get an objective market evaluation of their real estate. Check it out… All Divorcing Couples Should get an Objective Market Evaluation of their Real Estate As experienced realtors and short sale specialists, many of our sellers are in…
Should All Divorcing Couples get an Objective Market Evaluation of their Real Estate?
Here’s a discussion from LinkedIn’s Collaborative Family Law Group about getting an objective evaluation from a realtor during your divorce. We suggest a market analyis be done and updated (every 45 days or as needed) for every divorcing couple. Foreclosures and short sales can erode the equity that the sellers imagined or wanted so much…
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