Some assets that couples must divide when they divorce obviously belong to both spouses. The retirement savings they established and the equity they accrued in their home are subject to division in the vast majority of divorce scenarios. Other assets may theoretically...
Family law: It’s a new journey
Divorce
What happens to retirement resources during a gray divorce?
People typically spend decades setting aside money for retirement and establishing eligibility for key benefits. Workers in a variety of fields may have private retirement saving funds or pensions. Sometimes, their employers match their contributions to 401(k)...
How to handle vacation assets in an Indiana divorce
Married couples frequently acquire a variety of different assets together. They may purchase real property, furniture and vehicles. They may also make investments to ensure their comfort and enjoyment during vacation travels. There are many types of vacation...
How can people divide a Roth IRA during divorce?
A Roth IRA is one way for people to set aside money for their retirement years. They make tax-deferred contributions while working and then take distributions from the account after they retire. This allows them to reduce the taxes they pay while supplementing their...
3 myths about addressing a marital home during divorce
Most married couples invest assertively in the homes where they live together. They might spend as much as a third of their monthly income on mortgage payments. While 20% down payments are no longer the standard in modern real estate transactions, those who purchased...
3 retirement plan changes that can help people adapt post-divorce
Married couples usually plan to enjoy their golden years together. When couples decide to divorce, the end of their marriage inevitably means a change to their retirement plans. Spouses frequently need to divide their retirement savings during property division...
What should you know about grey divorce?
Grey divorce refers to marital dissolutions that occur after the age of 50, generally involving couples who have been together for many years. These divorce cases present unique challenges and considerations that often differ significantly from those that younger...
Is it better to stay married until your kids are grown?
The concept of staying married “for the sake of the children” has always been the subject of debate. Children thrive best on predictability and routine, and there’s no question that divorce is disruptive to a child’s life. If you’re thinking of “toughing it out” in an...
Which divorcing couples may benefit from mediation?
People often have an all-or-nothing approach to divorce negotiations. They assume that they must either agree immediately about everything or fight with their spouses in court. However, many couples begin the process without any agreements in place and eventually...
What happens to the family home after divorce?
The answer will vary depending on many circumstances, including your chapter in life. Three common life circumstances that can impact the decision include the following. #1: Young children Those with young children may wish to retain the family home for as long as...