August 2019 Archives

Divorce over 50 can be a financial bust

The number of couples in Michigan and around the country who divorce over the age of 50 has increased more than two-fold over the last 20 years. However, experts say that splitting in later life, a phenomenon known as "gray divorce", can create a unique set of financial problems.

Keeping the family home following a divorce

When Michigan couples decide that it is time to get a divorce, determining what to do about the family home could be a difficult decision. If there are kids involved, the primary parent may wish to keep the home to make the transition easier for the children. In these cases, the person who wants to keep the family home may have to buy out the former spouse.

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