Because divorces often occur later in a couple’s marriage, many have questions regarding what, if any social security benefits they are entitled to under the name of an ex-spouse. This is especially true when a spouse has little work history of their own, perhaps even making them ineligible for social security under their own record….Read More
Ex-Spouse Social Security Benefits
Couples that are divorcing later in life, aka gray divorce, may wonder if they are eligible for a portion of their ex-spouse’s social security benefits and the answer is yes, you are entitled to half if: you were married for 10 years or more you are at least 62 in age you remain unmarried your…Read More
A Lasting Marriage…or Second Marriage
The recent rise in divorce rates among couples 50 and older dubbed ‘gray divorce’ has received a lot of attention lately. However, many long-term marriages continue to thrive. What is the secret to a lasting marriage? A Cornell University professor and author of a recent book regarding long-term marriage success provides some insight after surveying…Read More
Divorcing later in life serves up financial concerns
Divorce can involve unique issues depending on which stage of life a married couple is in. For example, for an Illinois couple with young children, child custody and child support will undoubtedly be very important. For married couples who are nearing retirement age and decide to divorce, property division — especially retirement property — is…Read More
