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September 2015 Archives

Divorce and hidden assets

For anyone who is planning or going through a divorce, finances are often a chief concern. Most divorcees want and expect to maintain the same standard of living they enjoyed while married. As fears about how assets will be divided and how those decisions may adversely impact one’s financial position and security mount, some husbands and wives will go to great lengths to hide assets from a soon-to-be ex-spouse.

As remarriage rates soar for individuals age 55 and up, prenuptials more relevant than ever

There's a saying related to the belief that love is sweeter the second time around. In the U.S., this appears to be the case for many divorcees and widowers who are age 55 and older. A 2014 study conducted by the Pew Research Center reported that 67 percent of individuals age 55 to 64 who had previously been married are now remarried. Additionally, individuals over the age of 55 are more likely to report being married three or more times.

Divorce can raise concerns about seeing a grandchild

For many individuals with grown children, welcoming a grandchild into a family is a highly anticipated and joyous event. Free of many of the worries and stressors that tend to accompany parenthood and raising young children, grandparents can truly enjoy and cherish their time with a grandchild. However, in cases where a grandchild's parents divorce or split up, a grandparent may have questions and concerns about how decisions related to child custody and visitation may affect their relationship with and access to a grandchild.

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