Late-Life Divorce: A Role for Financial Planning

Green, Janice L.
August 2010
Journal of Financial Planning;Aug2010, Vol. 23 Issue 8, p48
Academic Journal
The article discusses the role of financial planning in divorce after 50 years old wherein the divorce could create unique complexities to the couples. Shorter time is given to those late-life divorce especially when it comes to generating income or emphasize asset attributes relevant later in life such as life insurance policies. Health insurance is also an area where it is critical to the divorce couples and the author suggested two insurance coverage which are the Consolidated Omnibus Budget Reconciliation Act (COBRA) of 1986 and the Health Insurance Portability and Accountability (HIPAA) of 1996. Financial planners of the divorce couples should not be testifying in a litigated case but they may work with divorce counsel as litigation consultant and an adviser to the client.


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