Gray Divorce

Protecting Threatened Wealth

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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… Read More

A Money Smart Divorce

Weath protection management, Mediator, Litigant Expert, Divorce Financial Specialist, Financial Forensics - Lili Vasileff, CFP, MAFF, CDFA
December is expected to be a busy month for the nation's divorce courts. The tax overhaul enacted late last year eliminated the deduction for alimony, but unlike most provisions in the law, this one doesn't take effect until 2019. As of January 1, the IRS will treat alimony payments in the same manner as it treats child support, which isn't… Read More

Baby boomers are divorcing at a stunning rate

Wealth protection management, Mediator, Litigant Expert, Divorce Financial Specialist, Financial Forensics - Lili Vasileff, CFP, MAFF, CDFA
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. Among U.S. adults ages 50 and older, the divorce rate has roughly doubled since the 1990s, according to a Pew Research Center report. Statistically speaking we’re healthier and… Read More

Why baby boomers are divorcing at a stunning rate

Wealth protection management, Mediator, Litigant Expert, Divorce Financial Specialist, Financial Forensics - Lili Vasileff, CFP, MAFF, CDFA
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… Read More

Advising Late in Life Divorce

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… Read More

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