When the last child leaves the house, it’s common for parents to feel grief that perhaps the most meaningful phase of their lives – child-rearing – is over. For some, that grief shifts to excitement as people realize they are now free to pursue interests and activities they never had time for. For others, the Empty Nest is a time when spouses look at each other and wonder: Who are you? And why are we together? Read more
Many people going through a divorce wonder what will become of their retirement plans, pensions or 401k accounts. Do you have to share your 401k with your spouse? Is your 401K account considered marital property? If it is a marital asset that my spouse is entitled to, how is it divided? Read more
Many grown ups in their 40s and 50s are part of the so-called “sandwich generation,” a growing group of adults who find themselves stuck in the middle caring for their own children and for the needs of their aging parents. These adult children might find themselves tasked with duties ranging from bringing their elderly parent to doctor’s appointments to serving as Power of Attorney over their parent’s financial affairs. But what happens in the event an older parent decides to divorce? A recent Ocean County NJ Superior Court ruling helps to clarify just how involved adult children can be in divorce proceedings, regardless of whether the adult child holds Power of Attorney (POA). Read more
When it comes to the topic of gray divorce, the growing trend of divorce among couples in the Baby Boom generation, we are now finding out even more information about why seniors entering their “golden years” are deciding to end their marriages — and exactly who it is filing the divorce papers. Read more
The Wall Street Journal recently reported on a divorce boom among the over-50 crowd. “Gray divorce” is on the increase in spite of an overall trend of lower divorce rates. Although the WSJ’s article was exploring why this trend is happening, we’d like to point out that there are some unique factors in later-life divorce that might make a difference in how you go about a post-50 split. Read more
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