Often referred to as “gray divorce,” a great deal of attention has been given to the phenomenon where couples choose to end a long-term marriage, typically after their children are grown and no longer live in the family home. A Census Department report says that more than one-third of Americans who get divorced are 55… Read More »
Getting divorced is generally acknowledged as a difficult endeavor emotionally, but its impact of your finances can also present challenges, especially in the often-overlooked area of retirement benefits such as Social Security. To protect yourself, you’ll want to become well versed in the following ways that divorce can impact your Social Security benefits: Get to… Read More »
Although the overall rate of divorce is on the decline, the same may not hold true for those in the 50 and older range. So-called “gray divorces” are on the rise and present their own set of difficulties and issues to resolve. Since 1990, the divorce rate has doubled for those over the age of… Read More »
In New York, the marital estate is subject to equitable division, that is, fair allocation of proceeds to both parties. The only assets divided during divorce are those that are known — so how do you know your entire marital estate is on the table when it comes time to divorce? Whether out of fear… Read More »