Throughout Southern California
View Our Practice Areas

Divorce After 50 in Torrance California

6a017d3e6b2617970c019aff3cd89a970d-320wi.jpgetting divorced after 50 can have an enormous affect on your retirement.

Marriage and divorce can be messy topics from a personal perspective, let alone from a legal and financial perspective. This is especially true when your retirement or your estate are up for grabs.

When young marrieds split up, the biggest issue may be who gets the dog. However, when divorce happens later in life, it can present some truly unique challenges.

A recent Forbes article titled "4 Divorce Mistakes That Can Derail Retirement" is a good hip pocket guide to help you stay in the clear.

So, what is a divorce "mistake" that matters?

First, here is some perspective: you are dividing your life up at a time when your life savings are more than just a full piggy bank. There is more at stake than your dog. In fact, your life savings will be needed shortly to fund your retirement needs.

Accordingly, a late-in-life divorce mistake that will cost you is one that does not carefully consider the value and use of the assets you share, or the costs.

In brief, mistakes include:

  1. Blithely choosing the house over other financial assets
  2. Ignoring the tax implications of retirement funds
  3. Rolling a spouse's retirement account directly into an IRA immediately after divorce
  4. Dipping too much into retirement savings because of the tax penalty waiver

Now, this list is really just the beginning. What about your estate? Effectively, divorce is also a threat to your current estate and future plans for it. Are you ready for half of it to disappear?

No Comments

Leave a comment
Comment Information
Email Us For A Response

Find Out The Difference That Experience And Expertise Makes

Get the peace of mind that you deserve. First, attend a seminar. This will entitle you to a free initial consultation and a discounted estate planning fee. To learn more about our services or sign up for a seminar, contact us online or call us at 866-402-1805. We have offices in Torrance, Orange, Newport Beach, Pasadena and Woodland Hills.

Questions? Contact Us.

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

Call Now For A Free Consultation: 866-402-1805
  • ${site.data.firmName}${SEMFirmNameAlt}
  • Main Office: Torrance

    Torrance Office
    990 West 190th Street
    Suite 500
    Torrance, CA 90502

    Toll Free: 866-402-1805
    Map & Directions

    Orange Office
    333 City Boulevard West
    17th Floor
    Orange, CA 92660

    Toll Free: 866-402-1805
    Map & Directions

    Newport Beach Office
    5000 Birch Street
    Suite 8000
    Newport Beach, CA 92660

    Toll Free: 866-402-1805
    Map & Directions

    Pasadena Office
    790 East Colorado Boulevard
    9th Floor
    Pasadena, CA 91101

    Toll Free: 866-402-1805
    Map & Directions

    Woodland Hills Office
    5850 Canoga Avenue
    4th Floor
    Woodland Hills, CA 91367

    Toll Free: 866-402-1805
    Map & Directions

    Office map
Check out The Law Firm of Kavesh, Minor & Otis on Yelp
Check out Kavesh Minor & Otis on Yelp
Check out The Law Firm of Kavesh, Minor & Otis - Orange on Yelp
Check out The Law Firm of Kavesh Minor & Otis - Pasadena on Yelp