Category: Divorce Statistics
Converting Rental to Primary Property in Divorce
When couples own a primary residence and rental properties one idea for asset division is for one spouse to stay in the primary residence and for the other to move to one of the couples’ rental homes. While this is convenient, the tax costs should be considered when valuing the properties. Section 121 IRS rules … Continue reading Converting Rental to Primary Property in Divorce
Gray Divorce? Before Baby Boomers see an attorney, they need to read this…
The Gray Divorcée When someone wants a divorce, the knee jerk reaction is nearly always “I’m calling an attorney!” But for the Baby Boomer generation, that may be a mistake. Seeking financial advice before seeing an attorney may save divorcees thousands of dollars. Financial counsel is just as important as legal advice and in some … Continue reading Gray Divorce? Before Baby Boomers see an attorney, they need to read this…
Divorcing at Age 50 or More?
Divorcing at age 50 or more? You’re not alone. It turns out that more than 1 in 4 divorcing coupes were over 50 in 2011. And the numbers are expected to increase. Additional expected costs such as health care, caring for aging parents, college costs and increasingly more limited opportunities for work contribute to the … Continue reading Divorcing at Age 50 or More?