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…
Divorce
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…
Handling Your Divorce Like an Air-Traffic Controller
The stresses placed on divorcing couples, who are making decisions about custody, spousal support, equitable distribution and parenting plans are not unlike those of air-traffic controllers, who are trying to safely land multiple jumbo jets coming in on multiple runways. Perhaps these aren’t life or death decisions, but that depends entirely on your perspective! I…
Divorce Can Mean a Trip Down the Economic Ladder for Women
Divorce can be a one-way ticket down the road to financial instability for many women, especially for those who are middle class or low-income. It can mean a loss of work hours, more time (and expense) devoted to childcare and a cold slap in the face when it comes to finding a job or finishing…
How to Make a Better Divorce
I often say and firmly believe it is possible to make a better divorce after a marriage. Yes, there is such a thing as a better divorce! As I wrote about recently, there are some valid reasons for divorce — yet that doesn’t make the process any less painful or challenging, especially when children are…
9 Wedding Vows Divorce Attorneys Would Write For You
Here’s how to stay out of their offices. They may not seem like die-hard romantics but divorce lawyers are surprisingly well-suited to the job of writing wedding vows. After all, they’ve seen firsthand the types of problems that can chip away at otherwise happy relationships — and know what it takes to stay out of…
Why a Good Divorce Is Better Than a Bad Marriage for Kids
Anyone who is considering divorce knows that there is a lot of research demonstrating that divorce is difficult for children. If you’re considering divorce or in the process of getting one it can seem as though researchers are shaking their fingers at you, predicting the worst for your child. As a former divorce attorney, mediator,…
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,…
7 life events that can lead to divorce
Late last month, Boston Marathon bombing survivor Rebekah Gregory made headlines with the sad news that she was separating from her husband-who was also injured in the blast-less than one year after their dream wedding. Without knowing the couple, it’s impossible to say what contributed to the dissolution of their marriage, but it’s probably safe…
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