Two Frequently Forgotten Late-Life Divorce Issues
Late-life divorce is becoming more common as changes in culture have lessened the stigma associated with parting ways with your spouse. However, separating during the later years of your life involves some unique financial considerations, and here are two that are frequently overlooked. Life Insurance and Other Death Benefits Divorcing couples must update their estate plans to account for their new relationship statuses. In many cases, this usually means changing beneficiary information and removing the ex-spouse from medical and financial directives.