When getting a divorce, you must go through the process of dividing marital assets. Some types of property and sources of money are relatively easy to split. Deciding who gets a car or how to distribute money from a bank account are fairly simple...
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401(k) distribution options after a divorce
Every aspect of your divorce requires your full attention, and this is especially true when it comes to retirement accounts. If you ignore this now, you could regret it at some point in the future, such as when you want to retire. If you're on the receiving end of a...
Child custody and moving: Are you able to relocate?
With your divorce in the past, you may have an interest in relocating with your children. If you have physical custody of your children, you're in a position to at least consider this idea. Deciding to move is easier said than done, as you need to consider many...
How can we split the art collection in our divorce?
If you and your spouse are art collectors and now face a divorce, you may struggle with divvying up the pieces. In addition to their financial value, artwork can retain strong sentimental value to collectors, making it hard to part with cherished pieces. Below are...
Why is gray divorce on the rise lately?
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....
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...