Divorce can occur at any point in a marriage. Just because you have been married for twenty years, doesn’t mean that you will be married forever. The divorce rate for people over 50 doubled between 1990 and 2010. Now, one in four divorces involve people over 50; in 1990 it was one in ten according […]
When you own a business, you think about protecting it from theft and natural disasters, take out insurance, and make physical improvements to your place of business to make it more secure. You may not consider divorce to be on the same level as a break-in or a tornado, but divorce is actually more prevalent […]
Best Buy CEO Hubert Joly’s recent divorce received publicity this week. According to his SEC filing he sold 451,153 shares of Best Buy for a total of $16,700,000, $6,000,000 of which to be used toward a divorce settlement payment to his ex-wife. CEO’s as well as other executive suite officers in publicly traded companies are […]
As of September 16, 2013, through Revenue Ruling 2013-17, the Internal Revenue Service will recognize the marital status of legally married persons, including persons married to others of the same sex, for the purposes of filing federal income tax returns. The full text of Rev. Rul. 2013-17 can be found here. Currently, thirteen states recognize […]
Navigating the college selection process and funding a child’s college education can be stressful for all parents, but can be especially stressful for parents who are divorced. Fortunately, divorced or separated parents can minimize the stress associated with college preparation through proper planning, open communication, and the involvement of both parents. Understand the Financial Obligation […]
A recent post titled “Women Breadwinners More Likely To Divorce” cited a new 25-year study that was published in October’s issue of the Journal of Family Issues. According to the study, among 2,500 women married between 1979 and 2002, those who brought home 60% or more of their household income were 40% more likely to […]
Are you prepared to take control of your financial future after your divorce, especially in the area of retirement planning? If you are a woman, probably not. Studies show that 74% of women do not know enough about retirement investing, 59% can only guess at what they need to save for retirement, and 54% have […]
Premarital agreements that control the distribution of property at the end of a marriage by death or divorce may be a sensible and equitable choice for a prospective bride or groom wanting to preserve assets from a previous marriage for the children of that union or to protect business interests established several years before the […]