By Lili Vasileff, CFP, mAFF, CDFA – June 6, 2018 Couples who have made the decision to divorce in 2018 may be surprised to learn that changes in personal and business income taxes will impact the financial outcomes of their divorce. It is unclear if the new tax rules will make divorce more or less difficult to…
Bird nesting, whereby divorced or separated parents let their children stay in the same home while they take turns living in it, is getting mainstream attention. The arrangement, which is portrayed in a new sitcom, holds real-life pros and cons for former couples who try it. Financial experts urge families to keep lines of communication…
Listen to Mandy Walker interview Lili on Blog Talk Radio Nobody likes to talk about their debts and it’s often the hardest part of negotiations in divorce. Too often, one spouse didn’t realize the extent of the debt or perhaps there’s always been conflict because one party is a spender and the other is a…
Different types of retirement accounts are subject to different rules. Dividing workplace plans like 401(k)s and traditional pensions requires a court order that is separate from the divorce agreement. It’s important to make sure the attorney drafting that separate document is an expert in this. Sarah O’Brien | @sarahtgobrien Published 12:30 PM ET Wed, 7…
Only 52 percent of individuals believe their significant other is totally honest with them when it comes to money, according to a new study. Financial experts point to tell-tale signs that can help you identify if your partner is guilty of financial infidelity. Lorie Konish | @LorieKonish Published 8:39 AM ET Tue, 23 Jan 2018…
Lili Vasileff is quoted in a recent article by Tom Anderson for CNBC’s ‘Your Money, Your Future’ on how to handle adult children moving back home. Lili says, “Create a spending plan and timeline. The plan should include how expenses are shared, what savings will be tapped to pay for additional expenses and how, if possible, those…
Lili attended the ninth annual Women in Business Conference which was held on May 16, 2017 at the Greenwich Country Club. The event, sponsored by Moffly Media, provided a forum for professional women to mingle and network, share expertise and gain insight into new opportunities. Lili is pictured here with retired judge Lynda Munroe at…
Lili Vasileff is quoted in a recent article by Angela Moore for Market Watch on why older couples are deciding to divorce in record numbers. Lili says, “What’s pushing gray divorce is people are living longer and they feel more entitled to living fully. They’ve contributed to raising children, they want an emotional journey, it’s their time now….
Lili Vasileff is quoted in a recent article by Beth Pinsker for Reuters Money on how older couples approach the financial aspects of divorce. Lili says, “Some couples are now putting together ‘post-nuptial’ agreements when they physically separate, just so there are rules for financial arrangements to cover things like disposable income and debts.”
Parents often face the competing challenge of funding their children’s college or their own retirement savings. During divorce, these goals collide more acutely. Income is stretched and expenses increase with two households. How do 529 plans come into play? Here is a great resource with more information: https://www.assettv.com/video/college-savings-savvy-under-what-circumstances-should-i-advise-clients-change-529-plans?chid=2091 College Savings Savvy: Under what circumstances…
