Women who divorce after the age of 50 face financial pitfalls they would not have had to dodge at a younger age. If you are a member of this group, you must employ financial savvy to ensure a secure post-divorce future. Understand your finances If your spouse has been...
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Month: September 2020
Dividing qualified assets in a divorce requires tax planning
When divorce involves the division of qualified assets like an IRA, annuity or 401(k), spouses must consider tax implications. Kiplinger explains tax consequences that may influence how couples split qualified assets. Distributing IRA funds may trigger a penalty An...
How long will my divorce take?
Even if your divorce is an amicable one (which it may not be), it is likely that the process is not enjoyable. Thus, it is natural to want your divorce over with as quickly as possible so that you can get on with rebuilding your new life. However, trying to rush...
Identifying financial discrepancies in a divorce
Money often plays a central role in many a marital dispute. In some situations, it may even contribute to the irrevocable breakdown of a marriage. A spouse experiencing this should pay close attention to their partner's actions, especially if they suspect some assets...
