In this article for LifeHealth.com, Lili Vasileff explores the topic of late in life divorce. She says, "As a Baby Boomer approaching retirement, let us assume that you and your spouse have been fiscally responsible for most of your lives. But what happens when one household now unexpectedly divides itself in two with a late in life divorce?"
Planning Through Life's Disruptions: Advising Late in Life Divorce
How to help your client untangle, and protect, a mature retirement portfolio
by Lili A. Vasileff, CFP, CDFA
Ms. Vasileff received the national 2013 Pioneering Award for her public advocacy and leadership in the field of divorce financial planning. Lili is the President Emeritus of the national Association of Divorce Financial Planners and is a member of NAPFA,... Read More
As you approach your golden years, you realize you may be heading toward divorce. Now you start asking questions: how does one start the process, how much is it going to cost, and how long does it take?
Many Baby Boomers have misconceptions about divorce. These misconceptions arise from all sorts of people who mean well but mislead when sharing their own experiences and “knowledge from the battlefield”. Everyone has a story to tell. It seems that either they came through divorce reasonably well or they are financially devastated by divorce. The perils of not knowing what lie ahead seem enormous. Your anxiety is clearly growing as it becomes increasingly confusing to know... Read More
Lili Vasileff is quoted in a recent article by Beth Pinsker for Reuters Money on how older couples approach the financial aspects of divorce. Lili says, “Some couples are now putting together ‘post-nuptial’ agreements when they physically separate, just so there are rules for financial arrangements to cover things like disposable income and debts.”
Your Money: Older couples ponder financial impact of divorce
By Beth Pinsker for Reuters Money – Wednesday, April 26, 2017
What makes couples want to split after decades of marriage?
“They look at their spouses and say: ‘I have between 20 and 30 years left, and I don’t want to spend it with you,’ ” says John Slowiaczek, a divorce lawyer... Read More
In this article by Jean Chatzky for Fortune.com, Lili Vasileff contributes to the discussion of recent research that finds many more men than women have bank accounts or credit cards that their spouse or live-in partner don’t know about. Should a married woman have a slush fund…a stash of cash that her spouse doesn’t have access to and maybe doesn’t even know about?
Lili says: “The idea of a secret puts up a flag. The idea of something being secret is that you’re fearful of being discovered…the more this idea of secrecy starts to creep in, the more you’re driving a wedge through your marriage.” So what to do?
In this news article by Anna Robaton for CNBC.com, Lili Vasileff offers her advice on the financial steps to take before exchanging vows. Lili says, "Set aside time to talk about money issues so that it becomes routine. This also minimizes the emotional impact of being caught unprepared to discuss money."
By Anna Robaton CNBC.com
Tom Grill | Getty Images
In the 14 months leading up to their wedding last September, Howard Gutman and his fiancé did what many other engaged couples do. They got... Read More
Every household must work out its own records management system, but some general guidelines can help. A good system will provide an overview of what happens to property after a major life event occurs. Lili offers her advice in her latest blog post...
Managing Household Records and Documents: Security and Necessity
PREPARED BY LILI VASILEFF
When was the last time you couldn't find an important paper you knew you had carefully put away? How do people decide where to store and keep such records? And how do they know what to keep, what to throw away, and when? Do you have a simple system or roadmap for important papers to which you or a loved... Read More
Lili Vasileff is the proud author of the new book: “Money And Divorce: The Essential Road Map To Mastering Financial Decisions” published by the American Bar Association, January 2018. Click here to learn more and purchase your copy TODAY!
How the new tax changes will impact planning for divorcing couples by Lili Vasilef
Ms. Vasileff, president emeritus of the national Association of Divorce Financial Planners, and nationally acclaimed author, speaker and practitioner at www.divorceandmoneymatters.
It is difficult to assess the impact of tax law changes will have on folks who divorce in the near future. Clearly, the spectrum of tax law changes for individuals ranges from tax brackets, deductions, and tax credits to tax shelters.
It is unclear if these new rules will make divorce more or less difficult to negotiate. Why? Many of... Read More