Grey divorce involves individuals over the age of 50 who are ending a marriage. Because many people over the age of 50 thought they would be retiring sooner rather than later, divorce often means new financial plans are...more
Born between 1946 and 1964, the Baby Boomers continue to redefine American culture. Currently, couples over 50 are initiating divorce in record numbers for reasons all their own....more
No one goes into marriage planning to get a divorce; no one plans to spend their retirement funds on attorney’s fees; and no one plans to spend the golden years of their life litigating in court, fighting their spouse over...more
DIVIDING RETIREMENT ACCOUNTS -
There are important differences associated with dividing retirement plans that are already in pay status and those that are not. Some people divorcing later in life are already retired,...more
Grey divorce is a term referring to the demographic trend of an increasing divorce rate for older (“grey-haired”) couples who often have been married for many years. A very public example of this was Tipper and Al Gore’s 2010...more
In California community property rules control the division of assets and liabilities in divorce. Community property is any property, regardless of where it is situated, which is acquired during the marriage. Unless there...more
Last week’s blog discussed three questions Baby Boomers going through divorce should ask their lawyer. As promised, here are three more questions.
1. Should I keep the house?
The financial risks of keeping the...more
Grey divorce is the phenomenon of increasing divorces among those persons over 50 years old: Baby Boomers. Grey divorce presents complex issues not experienced by younger individuals. Many lawyers are not familiar with the...more