Do you work for an employer that granted you restricted stock units (RSUs)?
If you are considering a divorce, you are not alone. Statistics show that almost 50% of all marriages in the United States will end in divorce or separation.1 While divorce is becoming less common for younger adults, rates for those adults age 50 and older has roughly doubled in the past 25 years.2
Many business owners transitioning into retirement know it can be beneficial when their younger partners choose to buy them out. However, finding a way to finance the buyout can post a significant obstacle for younger partners.
This checklist was created to help you organize your affairs after a divorce. Your individual situation will dictate other items which may need to be addressed. We suggest discussing your plans with the executor of your will as well as consulting with your legal, financial, and tax advisers. The time to get these professionals involved is before an event occurs – plan ahead. Select a few items below to get your momentum started and then continue through the list focusing on what you find most important. Your financial planner can help you organize and prioritize which topics to tackle first.
This checklist was created to help you organize your affairs before or during a divorce. Your individual situation will dictate other items which may need to be addressed. We suggest discussing your plans with your “divorce team”: your legal, financial, and tax advisers. The time to get these professionals involved is at the beginning stages of divorce, but it’s never to late to get started. Your financial advisor will be able to help you prioritize your financial goals throughout the divorce process.
If you are contemplating a divorce, going through one now, or have recently finalized a divorce, you know there are many moving parts that need to be considered.
The shock of losing a spouse is perhaps the toughest emotional adjustment for anyone in their lives. The financial decisions that follow the loss of your partner can also be immense and immediate. It is easy to become paralyzed and overwhelmed with what needs to be done, and when.
Many successful executives are enrolled in their employer’s traditional 401(k) plan and their deferred compensation (“deferred comp”) plan.
The price of a college education has risen dramatically over the last few decades – in many cases far beyond the rate of inflation.
If you are not a current client but would like to receive pertinent information about how we help people like you, please sign up now. We will send you helpful content and webinar invitations. Thanks for your interest!
