Tag Archives: retirement
What impact will divorce have on your estate plan?
Nevada is one of nine community property states. That means, if you get divorced in Nevada, the assets acquired over the course of the marriage are regarded as community property to be equally divided, unless there is clear and convincing proof to the contrary. Likewise, debts acquired during the marriage are presumed community debts…. Read More »
How adult children can help boomer parents through divorce
According to a recent study, about one out of three members of the baby boomer generation is unmarried, and 60 percent of that number is divorced. In fact, the divorce rate for people over 50 has doubled since 1990, and it is likely to continue to rise in the coming years. Even if it… Read More »
Dealing with retirement and pension accounts in divorce
Although the divorce rate has remained relatively stable in recent years, there is one demographic for which divorce remains on the rise: baby boomers. In fact, the divorce rate among people over 50 has doubled in the last two decades, and now a member of this age group is involved about one in every… Read More »
Dividing military pension benefits in a Nevada divorce
Will your military pension or a soon-to-be ex-spouse’s military pension be subject to division in your divorce? Generally, yes — to the extent of the benefits that accrued during the marriage. In a community property state such as Nevada, this would mean that a military pension valued at $200,000 (all of which accrued during… Read More »
Retirement plans don’t automatically change with divorce
When a couple is married, they likely don’t give a second thought to the beneficiaries of their 401(k)s and other retirement accounts, and for good reason: unless otherwise specified, a spouse is usually the beneficiary of retirement funds. However, when a couple obtains a divorce, many are unaware that this designation does not automatically… Read More »
Important divorce considerations for the boomer generation
If a couple divorces at age 60, their divorce settlement, property agreement, and all other details will most certainly look much different than if they had divorced when they were 30. At an earlier age, divorce settlements often revolve around child custody, child support, real estate, and splitting common debt. At age 60, when… Read More »