The phenomenon of “grey divorce”- the term referring to the demographic trend of an increasing divorce rate for older (“grey haired”) couples – has been in the news since 2013, when Bowling Green State University in Ohio...more
Daryl Dragon (known as “Captain”) and Cathryn Antoinette “Toni” Tennille (known as “Tennille”), one of the most successful pop music duos of the 1970s, who recorded Grammy-winning songs about their love together, recently...more
According to the Social Security Administration’s website, the 1983 Social Security Amendments included a provision for raising the full retirement age beginning with people born in 1938 or later. The Congress cited...more
Paul Hogan is best remembered for his roles as a lovable wildlife wrangler in the Crocodile Dundee film franchise of the 1980s. At 74 years old, Hogan’s days of ‘gator grappling are largely over....more
According to the National Center for Family & Marriage Research at Bowling Green State University, Ohio, the divorce rate for couples over age 50 has nearly doubled during the past 20 years. Divorce at any age is complicated,...more
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
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
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