have reported increases in the last decade as well. While in recent years the discussion has become more prevalent online, this is a conversation that many divorce attorneys have grown familiar with for well over two decades.
The need for retirement benefits becomes more critical when you divorce later in life because people have less time to "make up" any losses they may face pursuant to a divorce. Understanding what benefits are available, and how they can be distributed, is paramount as you plan for a separate future. , is one mechanism by which certain retirement plans can be divided. QDROs are often, but not always, necessary depending on the type of retirement plan being split.
Adult children can get dragged into late-in-life divorces and be asked to side with one parent or the other, and that can hurt the family unit . There are various ways individuals can address these concerns, including estate planning and postnuptial agreements, which can all help lay out future expectations not just for the individual, but for their family.