Getting divorced? Don’t forget to talk about how you will pay for your kids’ college

 

 

 


Carmen Reinicke | @csreinicke

Published 11:43 AM ET Fri, 10 Aug 2018 Updated 12:03 PM ET Fri, 10 Aug 2018 CNBC.com

  • Some states require parents to address how they will pay for college in divorce decrees.
  • Regardless of your home state's rules, experts say that divorcing parents should work out an agreement about college for their children.
  • Divorce and remarrying can have an impact on financial aid eligibility, and some schools will require financial information from both parents.

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This hot Hollywood divorce trend may not be for you

  • Bird nesting, whereby divorced or separated parents let their children stay in the same home while they take turns living in it, is getting mainstream attention.
  • The arrangement, which is portrayed in a new sitcom, holds real-life pros and cons for former couples who try it.
  • Financial experts urge families to keep lines of communication open and to put an expiration date on any such living arrangement in order to make it work.

Lorie Konish | @LorieKonish
Published 10:30 AM ET Mon, 16 April 2018 CNBC.com

Source: ABC Jenna Fischer and Oliver Hudson from the show "Splitting Up Together"

Where to live following a... Read More

Know the value of your spouse’s 401(k)?

In this article published in Bloomberg News, Lili Vasileff contributes to a discussion of the state of information sharing in marriages -- especially when it comes to financial details. Lili says, ‘‘Most couples don’t share fully financial details about private accounts, the nature of investments, or the amount of savings."
By Suzanne Woolley

Published in Bloomberg News, August 31, 2016

Trust of politicians in America seems to have reached a new low in this election season.

But who would have guessed how little trust exists across the kitchen table?

Many American couples don’t share even basic financial details of their retirement savings account, beyond the fact that they have one. Twenty-one percent of couples either married... Read More

This is why baby boomers are divorcing at a stunning rate

Lili Vasileff is quoted in a recent article by Angela Moore for Market Watch on why older couples are deciding to divorce in record numbers. Lili says, “What’s pushing gray divorce is people are living longer and they feel more entitled to living fully. They’ve contributed to raising children, they want an emotional journey, it’s their time now. They may have decades ahead and don’t want to be unhappy anymore.”

When ‘until death do us part’ sounds like agony

By Angela Moore for Market WatchMarch 13, 2017

Looking ahead to the next phase of life can seem pretty dreadful if you can’t stand the person who you’ll be spending it with.

That may be what some boomers are facing.... Read More

Conversations About Divorce

Listen to Mandy Walker interview Lili on Blog Talk Radio

Nobody likes to talk about their debts and it's often the hardest part of negotiations in divorce.

Too often, one spouse didn't realize the extent of the debt or perhaps there's always been conflict because one party is a spender and the other is a saver. Perhaps both spouses knew about the debt but didn't really pay attention to it because, well, life was grand, the money was coming in, and borrowing for a second car or a vacation was part of the plan. It was all going to work out.

But then it doesn't work out and divorce happens. That means you... Read More

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