Articles Tagged with asset division

Published on: September 29, 2023

A Forgotten QDRO – Can One Still Be Obtained?

MCMURRAY V. MCMURRAY, 2023-NCCOA-______ (2023) (unpublished)

As a new generation of divorcees begin to reach retirement age since the enactment of ERISA in 1974, we will begin to see cases were a party needs a Qualified Domestic Relations Order (QDRO) to receive a retirement benefit, but somewhere in the divorce process the QDRO was never entered. Below is one such case. Continue reading →

Published on: June 25, 2021

Gray Divorces and the Financial Implications

By Y. Michael Yin, JD

Divorce rates among couples age 50 and over are on the rise. These so-called “gray divorces” may be a result of many societal factors, including longer life expectancy, increased social mobility and earning potential, and changes in the stigma regarding divorce. Couples often stay in an unhappy marriage for their kids, but once the kids are grown and self-sufficient divorce becomes an option, especially if the aforementioned factors are at play. These gray divorces have implications that may not be present in other divorces. Continue reading →

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