You may have heard that gray divorce -- a common term for when two people get divorced later in life -- is on the rise in the United States. In fact, it has been said that about 25 percent of all divorce cases involve these individuals who are around retirement age....
Month: March 2019
Getting back into the workforce as a single parent
Did you have the start of a promising career when you got married? Many people give a lot to a marriage. Some might work while others may give up the chance to the career to focus more on things at home. Even if you had a part-time job while you were married, that...
Who gets the house in a gray divorce?
If you're divorcing later in life, there's a good chance you share a house with your spouse. Since this is likely to be one of your most valuable assets, questions about who gets to stay put are sure to move to the forefront. There is no right or wrong way of deciding...
Financial assets can complicate the divorce process
Divorcing couples must address a variety of assets during the divorce process. For many people, financial assets pose the biggest challenge. These are often the most valuable, leading both individuals to focus on them. There are many types of financial assets,...
Dividing your artwork: Divorce tips
If you're an art collector, or if you and your spouse made a collection together during your marriage, it can become very hard to split it up. After all, you have an emotional and sentimental connection to some of those pieces. It's about more than just the money....
Make these changes to your estate plan after a gray divorce
If you go through the divorce process later in life, such as after you retire, it's imperative to make a variety of changes to your estate plan. Neglecting to do so could result in a number of challenges and mistakes, such as your ex-spouse receiving your assets upon...