Collaborative Divorce Attorney Linda L. Piff, answers the question “What are some of the financial challenges for those over 50 getting divorced?”

The challenges are due to the couple over 50 experiencing the”perfect storm” with the economy in a significant downturn and the couple nearing retirement. The couple who is over 50 does not have the same amount of time to recover from the economic downturn as the younger divorcing couples. The home may not have equity so it becomes difficult for the parties to move on and purchase another home. The retirement accounts may have lost Continue reading