ADVISOR INSIGHT PUBLISHED THU, DEC 10 2020 8:00 AM ESTSarah O’Brien@SARAHTGOBRIEN KEY POINTS Even if two assets appear to have the same value, taxes can
Love aside, the impact of divorce in your 20s and 30s is quite a bit different than in your 40s and 50s.
Divorce by the decade seems like an odd way to call the shots to identify the risks for a marriage. For years, it seemed like the longer you were married or the longer you waited to get married, the better.
Most people believe that the relationship between age at marriage and divorce risk was almost linear: the older you were, the lower the chances of divorce. Curiously, not only are these basic assumptions mistaken, but also the premise that all divorces face mostly the same financial issues.
When one partner takes on all the financial tasks, the other loses out on building money skills.
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.”
Lili Vasileff is quoted in a recent article by Tom Anderson for CNBC’s ‘Your Money, Your Future’ on how to handle adult children moving back home. Lili