Every 10 seconds a Boomer turns 60 years old. Among U.S. adults over age 50, the divorce rate has doubled since 1994. Contrary to expectations, long term marriages are not immune and the largest increase (55%) is in first time marriages of over 20 years. The gray divorce phenomenon is much examined because of its impact on the economy and on younger generations. There are many nuances in the gray divorce statistics. In this session, presented at FPA Annual Conference 2019. participants will gain understanding into what boomers want and should expect, particularly women, as well as 8 key points to address as one-time opportunities to maximize outcomes for clients experiencing divorce.
- Define the triggers for gray divorce
- Recognize the challenges and financial impact of divorce when working with older clients experiencing divorce
- Describe new tax laws that will impact a divorcing client's financial decision-making
Lili A. Vasileff, CFP, MAFF, CDFA
President, Wealth Protection Mgmt
Lili is a fee-only CFP, Master Analyst in Financial Forensics in Matrimonial Litigation, CDFA, and independent Registered Investment Advisor. President of Wealth Protection Management in Greenwich, CT, she is a mediator, collaborative financial specialist, and qualified litigation expert. She is a nationally recognized practitioner, author of 3 books on divorce, and speaker quoted across print, radio, TV, and online. Lili's numerous awards include: Pioneering Award for outstanding public advocacy and leadership in divorce financial planning, Women’s Choice Award; CEO Today 2018 Business Woman of the Year; Five Star Wealth Manager; & Marquis Who’s Who Albert Nelson Lifetime Achievement Award.