When people decide to divorce later in life, they may have particular concerns about their financial future. One of the most significant aspects of “gray divorce” can be the distribution of retirement funds. These distributions are increasingly common, especially as the divorce rate for people over 50 has more than doubled over the past two […]
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Millennials are breaking the mold in several ways from former generations, so it’s not a surprise that more millennials are marrying a partner later in life. However, with later marriages comes the rise of prenuptial agreements, a legal document that outlines how a couple will divide their assets in a divorce. A recent survey noted […]
How married couples act when it comes to money can impact many things. It could affect how likely a marriage is to last. Money problems are a common divorce cause. Certain financial behaviors can greatly increase tension within a marriage. This includes: Overspending or underspending –People can come into a marriage with very different spending […]
The New IMDMA: Can I Relocate Once my Allocation Judgment is Entered? The revised Illinois Marriage and Dissolution of Marriage Act (IMDMA) becomes effective on January 1, 2016. One of the major changes to the act centers on whether a party can relocate and what steps they must take. A full outline of the new […]
