Late-in-Life Divorce? Estate Planning Steps Your Clients Need to Take
No one likes to think about it, but the reality is that "gray divorces" are occuring more than ever. In fact, the rate of divorce for adults ages 50 and older doubled between 1990 and 2010. Dividing assets after a divorce is rarely an easy, straightforward process and can be more complicated when clients split up late in life. During marriage, asset ownership often becomes intertwined – or commingled – resulting in shared ownership of most of the couple’s property. If the marriage ends, untangling that property can be a real challenge.
How should you advise divorcing clients or those who might be moving on to second marriage? Learn more in this WealthCounsel Insight Brief, "Late-in-Life Divorce? Estate Planning Steps Your Clients Need to Take."