Lili Vasileff’s latest article has been published on Investopedia, “What Divorcees Should Know About New Social Security Rules.” Investopedia offers timely, trusted and actionable financial information for every investor. Lili will be writing articles
to be published there on a regular basis — we invite you to take look!
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View this article online at: https://www.investopedia.com/advisor-network/articles/021017/what-divorcees-should-know-about-new-social-security-rules/
Having separate finances in a relationship can provide independence, privacy, and reduce conflict over spending, while also helping build individual credit and manage unequal incomes or debt. However, it may also lead to communication issues, distrust, and potential conflict over financial responsibilities or control.
ABLE accounts and SNTs are complementary tools — ABLE offers quick, tax advantaged access to $19,000/year for disability related expenses, while SNTs protect larger assets and cover supplemental needs without affecting Medicaid or SSI eligibility.
