Divorce after 50 involves a different set of financial stakes than divorce earlier in life. There’s less runway to rebuild retirement savings, more complexity in how assets have grown over decades, and often a spouse who has been out of the workforce far longer than anyone planned for. Most of the decisions in a divorce…
One of the reasons that divorce is such a challenging life transition is its public nature. A couple might keep their problems private as they try to work through them. But if a rift opens that can’t be mended, the couple will have to share some very difficult news with friends and family as they…
One of the challenges of divorce is separating income that used to be joint income, along with separating into two households versus one. This is a recipe for cash flow drain for most couples. All of the sudden the same income(s) that supported one household must now support two households. I want to share an…
Do you need a divorce team and if so who should be on that team? If you are going through divorce or plan to do so you should think about who you want to have on your divorce team. Who you have on your team depends on the process you have chosen. If you are…
When one spouse in a divorce has been unemployed for an extended period, it can often be a frightening situation for that particular spouse. It can also be frightening to the other spouse. This fear shared from opposite perspectives can lead to heightened conflict and tense communications. This conflict and challenged communications can impede the…
Divorce is not fun for anyone nor is it a financially savvy thing to go through. You are splitting up what you own and what you owe to others. This often includes unpaid credit card balances and loans. What can you do to protect yourself? I always recommend to individuals and couples going through divorce…