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February 2018 Archives

Divorcing over age 50 carries financial concerns

The rate of divorce for people over 50 in Pennsylvania and across the United States has more than doubled in the past 25 years, and this trend is continuing in its upward direction. While divorce at any stage of life can be accompanied by a wide range of emotional, practical and financial considerations, spouses separating near retirement age can face some unique challenges.

Prenuptial agreements can help support a strong marriage

For some Pennsylvania couples planning on getting married, the concept of a prenuptial agreement can evoke fear, anxiety or even anger. However, planning for a prenuptial agreement can actually help to strengthen a relationship as people enter a new stage in life. When a partner with a higher level of assets or a stake in a family property insists on a prenup, it doesn't always mean that they are planning for a divorce.

Marriage myths damage relationships

As soon as some couples get engaged in Pennsylvania, well-meaning friends will offer suggestions and advice on how relationships change after marriage. Much of the advice is even considered common knowledge. However, some of this so-called common knowledge is wrong.

Tax considerations for divorcing couples

Divorcing couples in Pennsylvania and around the country are often primarily concerned about matters such as property division, child custody and spousal support, but they may be wise to also consider the tax ramifications of ending a marriage. The implications of decisions made during divorce negotiations can persist long into the future. One of the most important of these decisions is choosing whether to sell or divide jointly owned assets.

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