Attorneys often split contracts in divorce settlements, unaware of the potentially costly impact By Darla Mercado March 18, 2012 When a client came to his office bearing her new divorce decree, adviser Dale Russell became the bearer of bad news. During the divorce proceedings, the couple’s lawyers decided that their chief financial asset, a $500,000…
By FPA Member Lili A. Vasileff, CFP®, CDFA™ Published: January 27, 2012 As Baby Boomers approach the last hurdle before the magic retirement age of 65, it is becoming increasingly newsworthy that growing legions of older Americans are untying the marital knot. With this trend for “gray” divorces, there are several challenges: dividing one household into…
Divorce Retirement: Financial Advisers Face Challenges When Couples Split Later Posted: 03/12/2012 1:11 pm By Jessica Toonkel NEW YORK, March 12 (Reuters) – As part of the retirement planning process, financial advisers often help married couples prepare for the eventuality of one dying before the other. What few people talk about is what happens…
More couples prefer to divide their assets themselves rather than pay for a long legal battle. By David Migoya The Denver Post Kay Gilbert works at home as her 4-year-old yellow Labrador retriever, Hefton, looks on recently. Gilbert and her husband chose mediation to divide their property when their marriage ended. Helen H. Richardson, The…
By FPA Member Lili A. Vasileff, CFP®, CDFA™ Last Updated: December 5, 2011 There are few challenges more difficult than going through divorce and having a special needs child. As a divorced, single parent of a beautiful special needs daughter, I can tell you that you realize immediately that the burden of future planning, well-being,…
Article written by Lili Vasileff for Financial Planning Association Given the mobility enjoyed by individuals today, divorce across borders is becoming increasingly prevalent. It is also one of the most complicated areas of family law. If you live or move overseas, the challenges you face are many and varied. If things get to the breaking…
By FPA member Lili A. Vasileff, CFP®, CDFA™ Last Updated: September 5, 2011 In an increasingly mobile society, the idea of relocation after divorce has given rise to substantial case law and academic studies about the effects on children. Relocation may be a necessity or a fervent desire to take advantage of job opportunities, financial…
To Stay or Not to Stay — That is the Question By FPA Member Lili A. Vasileff, CFP®, CDFA™ Last Updated: August 1, 2011 The home is typically the largest marital asset. The decision to stay or not to stay in it is not just a financial one, but often a highly emotional one. You…
By FPA Member Lili A. Vasileff, CFP®, CDFA™ Last Updated: May 2, 2011 Looking beyond divorce is both hopeful and encouraging. Planning for a fresh start may include building and forging new family bonds with second marriages and blended families. Optimistically, one hopes that the children of the prior marriage are an integral and loving…
In this Q. and A. for First Wives World, Lili Vasileff discusses the trend of women paying alimony and how that reflects on gender roles in marriage and divorce proceedings.
