When it comes to divorce, far too many common beliefs are accepted as truths even though reality is much different. It’s common for divorce attorneys to have to correct incorrect perceptions that clients have about the divorce process in their initial meeting. Always keep in mind that the process of …CONTINUE READING
Video: How Divorce Changes Elder Care
Divorce rates have always been higher among Baby Boomers. Even as that demographic ages, they’re continuing to divorce at higher rates than the rest of the population.CONTINUE READING
Is It Worth Pursuing Child Support?
Question: I share 50/50 custody of my son with my ex-wife. For about six years, I paid child support. We recently mediated and child support was eliminated. I am planning on retiring in about a year while my ex is going to be working for several more years. She makes …CONTINUE READING
Gray Divorce Revolution: Handling Divorce After 50
There is a misconception that divorce is for the young. Once a couple survives the initial hurdles of marriage and child raising, then gets past the mid-life crises, it seems like their relationship should be in the clear. In reality, older couples are divorcing more than ever before. Overall, the …CONTINUE READING
DadsDivorce Live: Understanding QDROs
One of the more confusing aspects of the divorce process is figuring out how to sort out retirement accounts during the division of assets. A common end-of-divorce task is the drafting and implementation of a Qualified Domestic Relations Order – the legal document that instructs a retirement plan administrator on …CONTINUE READING
Is My 401(k) Divisible During Divorce?
Question: I was contributing to a 401(k) prior to marrying my wife. Now it looks like we’re heading towards divorce. Is my 401(k) divisible during divorce? I stopped contributing to before our marriage was official.CONTINUE READING
Is My Wife Entitled To My Monthly Pension If She Makes More?
Question: I am preparing to retire at the end of the year. I also fear I may be heading towards a divorce with my wife. My wife plans on continuing working for several years and is listed as the beneficiary to my pension when I die. Her yearly salary will …CONTINUE READING
Is My Wife Entitled To My Military Disability?
Question: My wife and I recently divorced. I receive retirement from the Army, which I have no problem giving her half of. I also receive monthly disability from the VA and a social security check for disability. Is she entitled to any of that?CONTINUE READING
How To Keep Divorce From Ruining Your Retirement
Rick Harkins and his wife, Michelle Cortes-Harkins, founded Harkins Wealth Management in 2008. Rick and Michelle began offering financial planning, but they soon began receiving an influx of referrals from divorce attorneys. Eventually, they have split into two different practices: One that covers the wealth management side of things, and …CONTINUE READING
DadsDivorce Live: The Rise Of Gray Divorce
The overall divorce rate in the United States has been on a steady decline since the 1980s. However, the number of couples older than 50 deciding to terminate their marriage has exploded over the last 25 years. Since 1990, the divorce rate for Americans older than 50 has doubled and …CONTINUE READING