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Divorce can be particularly challenging when it happens in your sunset years. More and more couples are choosing to end their marriages after 50. This phenomenon is commonly known as gray divorce. What are the reasons behind this growing trend? Is a gray divorce any...
When you are young and idealistic, it is easy to imagine overcoming any obstacle with your spouse. As you spend years together, you may develop a more realistic perspective. For example, you may have to accept certain behaviors because you realize that your spouse...
If you are older, 50 or above, and are going through a divorce, you’re going through what’s called a gray divorce. There are special considerations to keep in mind if you are going through a gray divorce, because you need to focus on your financial stability as you...
Divorce can cause you not only emotional stress but also financial stress. You may not have realized the extent of the financial responsibilities associated with a divorce, especially regarding debt. Consider these three key aspects of debt division as you prepare for...
Later-in-life has become so common nowadays it has its own name. Grey divorce occurs when individuals over the age of 50 elect to end their marriages. Currently, couples between 55 and 64 have a 43% divorce rate, the highest of any age group. Even though gray divorce...
Florida is an equitable distribution state. This means the family courts try to distribute assets between the spouses in a fair and reasonable manner, but fair does not always mean equal. The judge sets aside all assets and debts that are nonmarital to determine how...
It may not be the first thing on your mind during a divorce, but your retirement accounts are a very important part of your assets regarding the divorce process. For most people, their retirement accounts like 401ks, IRAs and pension plans are one of their most...
Because medical care is often expensive, health insurance is a necessity for virtually all Floridians. For a variety of reasons, employers regularly offer coverage to both employees and their family members. Regardless of whether your employer offers coverage, you may...
Many couples successfully resolve their issues through the collaborative divorce process. In some instances, however, it may not be the best choice. These are the most common situations in which you should rethink a collaborative divorce. You own significant assets...
When you have a lot of assets, you have a lot to potentially lose when your marriage ends, and in many cases, the longer your marriage lasted, the more complicated your financial situation may be. Increasingly, people going through divorces who have complicated or...
