Protecting Yourself Financially during Divorce
I HAVE BEEN PRACTICING AS a financial advisor in divorce for more than 25 years, and in the last 10 years the divorce rate in the U.S. for adults over the age of 50 has doubled.
Lili is interviewed on the Trevor & Jill Show about how to prepare for divorce.
Money woes after a divorce. Take these steps to get a plan in place
If you’re divorced, you don’t need to be told that your financial life has changed. However, one key indicator — how willing
Don’t let money woes silence you after a divorce
If you’re divorced, you don’t need to be told that your financial life has changed.
Older women returning to work, rebuilding savings
Paul Davidson USA Today, Published 5:00 a.m. ET March 25, 2019 Erica Hernandez was a stay-at-home mom through two recessions that depleted her
Every 10 seconds a Boomer turns 60 years old. Gray divorce is what many boomers face. Among U.S. adults over age 50, the divorce rate has doubled since 1994. Contrary to expectations, long term marriages are not immune to divorce and the largest increase (55%) is in first time marriages of over 20 years. With transition and the uncertainty of a divorce outcome, being able to meet one’s needs and protect wealth are the two priorities expressed most often by older individuals who divorce.
Strategies For Protecting Threatened Wealth
How to advise older clients divorcing on the cusp of retirement February 28, 2019by Lili A. Vasileff, CFP, MAFF, CDFAMs. Vasileff is a fee
Leaving All Financial Decisions to One Spouse Is Asking for Trouble
While it’s common for one partner to handle most money decisions in a marriage, it’s important for planners to make sure to listen to both.
Remarried after kids – avoid accidentally disinheriting them
If you’ve tied the knot again and hope to pass on assets to your kids from a previous marriage, don’t overlook the importance of planning for when you pass away.
Many people lack even a basic will and the stakes can be higher if you do no estate planning when you remarry. As a result, your children could unintentionally be disinherited.
“A conversation about estate planning is absolutely critical in remarriages,” said certified financial planner Lili Vasileff, founder and president of Divorce and Money Matters in Greenwich, Connecticut.“It’s emotional and hard to talk about, but the last thing you want to do is leave adult kids with a disaster.”
Half of widows see their income drop by 50%
When your spouse passes away, you don’t have to struggle financially Julie HalpertNovember 26, 2018considerable.com In March 2013, Ginny McKinney and her husband,
