Wealth Protection Management Articles

Wealth Protection Management Articles

Articles & Blog

Protecting Your Threatened Wealth

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.

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Articles & Blog

Confronting your overspending spouse

Lili Vasileff Is Quoted In A Recent Article By Brittney Laryea For Magnify Money On How To Handle A Spouse Who Is Chronically Overspending. Lili Says, “Financial Infidelity Is Not A Financial Exercise, Its An Emotional Exercise. Sometimes Overspending May Be The Result Of Miscommunication, Emergency Spending, Or Unrelated, Deeply Seated Emotional Issues Like An Addiction.”

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Articles & Blog

7 Reasons Spouses, Partners Lie About Money

Ten years have passed, and Lisa*, now 60, still asks herself, Why didn’t I see it coming? At the time, she and her husband, Andrew, were living well: a spacious home in a Chicago suburb, overseas travel, a kid in private school.

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Articles & Blog

DIVORCE BY DECADE

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. Granted there are three financial topics potentially relevant to every divorce: support, custody, and property division. The factors of each vary considerably by your age and should influence what’s most important to you.

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Articles & Blog

Protecting Threatened Wealth

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.

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Articles & Blog

Widows see their income drop by 50% – don’t be one of them

In March 2013, Ginny McKinney and her husband, Dan, were shopping for a camper to pursue their dream of traveling to great golf courses around the country. Then Dan died of a heart attack. He was 62 years old and she was 59.

“It was devastating. Grief is like an onion. You have the initial shock of the loss itself, but then it keeps going deeper and deeper,” Ginny says.

And in Ginny’s case, the emotional challenges were compounded by financial setbacks.

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Articles & Blog

1 in 3 parents will help their kids pay off student loans

One third of parents say that they will help their child pay back some or all of their student loans, according to a recent survey by College Ave Student Loans.

Student loan debt has skyrocketed to $1.5 trillion in the U.S.

Parents should make sure that they\’re balancing their long-term financial goals with helping their children finance higher education, advisors say.

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Articles & Blog

9 Expert Tips For Negotiating an Alimony Settlement

Second only to child custody, alimony is one of the most contentious and difficult-to-navigate processes in any divorce. When two people are splitting up, particularly when that split is acrimonious, the last thing either of them wants to discuss is the prospect of giving money to each other. But, the topic has to be dealt with and the only way to do it successfully is to go in armed with as much knowledge as possible.

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