Divorce After Fifty
The biggest difference in a divorce later in life is the squeezed time frame to recover financially. A divorce means dividing assets with your spouse. Current market value is not the exclusive consideration of an asset. Some assets will become more valuable farther down the road. Deciding who gets the house is a primary example. Age triggers eligibility for tax exemptions and waivers for real estate tax. A reverse mortgage, which can offer a potential stream of income, is an...Read More