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November 2016 Archives

Securing your finances during a grey divorce

If you have been following our blog, you've read about the recent rise of grey divorces, a phrase that refers those who divorce as they are close to retirement. In a review of divorce trends from 1990 to 2010 by Bowling Green State University's National Center for Family & Marriage Research, the organization found that the rate of younger Americans divorcing lowered during this period but doubled for those aged 50 and older.

Preparing for retirement during divorce

Divorce rates may be down overall for couples in Florida and throughout the country, but people over 50 are more likely to divorce than in previous generations. This means that many people may be divorcing as they approach retirement age, and this could have serious financial repercussions for people as they age. However, there are several things people can do to protect themselves financially.

Divorce and property division

Like most states, Florida law calls for equitable distribution when dividing property in divorce cases. Equitable distribution does not necessarily mean that marital property is divided equally, but it is divided in a way that the court deems fair. In equitable distribution states, the spouse who purchased a particular asset probably get to keep the asset after the divorce.

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