Latest articles by Andrew Hatherley, CDFA®, CRPC®
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What You Need to Know About Taxes in a Gray Divorce
If you're not careful about how assets are divided or sold, you could get hit with a big tax bill.
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How Retirement Plans Are Divided in Divorce
Here's what you need to know about QDROs (qualified domestic relations orders), which determine how assets in a soon-to-be ex-spouse's retirement plans or pension will be distributed.
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Would a Reverse Mortgage Work for You in a Gray Divorce?
If you're getting a divorce but are reluctant to sell your home or can't afford to buy out your spouse's half, a reverse mortgage could be a solution.
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Think of Prenups and Postnups as Financial Planning Tools
These contracts provide a clear framework for asset management and protection and are especially useful if you get married later in life.
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How Much Will Getting Divorced Cost You?
Attorney fees and other fees can add up fast, depending on the route you choose. The less contentious the process, the less expensive it could be.
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What Is a Lifestyle Analysis in Divorce?
Divorcing high-net-worth couples, especially those in a gray divorce, often require a lifestyle analysis to determine how much spousal support is appropriate.
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Don’t Forget to Update Beneficiaries After a Gray Divorce
Some states automatically revoke a former spouse as a beneficiary on some accounts. Waivers can be used, too. Best not to leave it up to your state, though.
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In Gray Divorce, Two Financial Planning Yardsticks Are Key
Watching your budget helps you reduce unnecessary expenses, and keeping an eye on your net worth as it rebuilds can provide a psychological boost.
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How Does a Gray Divorce Affect Social Security Benefits?
Can you claim your ex-spouse’s Social Security benefits? The answer is yes, as long as you meet certain criteria.
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Happy New Year: Let’s Get a Divorce
January is known as Divorce Month among lawyers and advisers who deal with it, and gray divorce is a growing area.
