Many older couples getting divorced worry about who will get to keep the house. However, older individuals getting divorced should be more concerned with dividing their retirement plans.
Our blog posts occasionally focus on property division in a divorce, since identifying, accurately valuating and then dividing assets as part of a divorce settlement can be of key importance to divorcing couples. This is especially true in high-net-worth divorces, where high-value assets - including, sometimes, a family-owned business, multiple real estate properties, diverse investments and inheritances - are often involved.
The division of marital property in a divorce proceeding can be of significant, if not overriding, importance. In many ending marriages, there is much to consider, including the family home, alimony obligations, pension and retirement accounts, investments of various types, as well as tax consequences that are often at play.