So-called “gray divorces” – affecting spouses 50 and older – have ticked up steadily over the past three decades while the overall divorce rate has declined. Experts cite many reasons for this, one being the ability of both spouses to financially survive the end of a...
Property Division
What are the main divorce concerns for spouses without kids?
“Thank goodness you don’t have children.” That insensitive remark has been heard by countless divorcing spouses through the years, even though the sentiment may have been well-intended by friends or family members. While not having to deal with child custody issues...
The ways a spouse attempts to hide assets
The division of assets in divorce means every asset gets scrutiny. What was once “ours” must be equally divided and accounted for. However, sometimes, an unscrupulous spouse may take matters into his or her own hands. This usually translates into hiding assets to keep...
What if the marriage did not last long?
The pandemic has impacted marriages in countless ways. Unfortunately, a higher-than-average number of new marriages did not survive the challenges of living, working and raising young children under the same roof. The specifics of each marriage are different, but...
How can you keep your full 401(k) in your divorce?
Past posts on this blog detailed the effect that a Qualified Domestic Relations Order has on your property division proceedings. With your ex-spouse having multiple options when it comes to dealing with their interests in your 401(k) (including cashing it out with the...
The divorce, your retirement accounts and a QDRO
Aside from your home, your retirement accounts will likely be the most valuable assets to divide in your impending divorce. However, the equitable division of pensions and other retirement accounts depends on a qualified domestic relations order or QDRO. About the...
Dividing an art collection in a divorce
If a divorcing Pennsylvania couple has an art collection, dividing it may be complex. In several high-profile divorces, what happened to the art collection become a major point of contention.There are a number of potential issues. For example, a person going into a...
Reasons to have a prenuptial or postnuptial agreement
Pennsylvania couples who are planning their marriages might want to consider a prenuptial agreement, and they might want to think about a post-nuptial agreement if they are already married. While it may be impossible to imagine a divorce before even getting married, a...
Dealing with retirement plans during a ‘gray divorce’
When Pennsylvania spouses who are over the age of 50 decide to separate, they could face some unique challenges. This is due to the fact that these older couples are most likely getting ready for retirement. Seniors who are going through the divorce process will be...
Inheritances, IRAs and divorce property division
While inheritances are often considered separate property when Pennsylvania couples go through a divorce, inherited IRAs are playing a growing role in property division. Individual retirement accounts and other types of retirement funds are often some of the most...
