Wealth Management

Dealing With the Financial Aftermath of Divorce

, The Legal Intelligencer

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The adage says that "some things get better with age," but apparently marriage is not always one of them. Unfortunately, the divorce rate for older couples is increasing. A recent study by Susan L. Brown and I-Fen Lin, sociologists at Bowling Green State University, found that approximately one in four divorces in 2010 were couples age 50 or older. Although no clear explanation is available as to why rates are increasing, one thing is clear: the longer the marriage, the more assets can accumulate. This accumulation of assets creates complex situations if a couple separates. The important question is what one should do to prepare. The answer is easier said than done because of the emotional investment that is involved.

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