Why a Divorce Agreement May Not Provide Relief from Joint Tax Liability

There has been a recent rise in “gray divorce” – a buzzword coined for those couples divorcing after the age of 50, many of whom have been together for a number of decades.  The number of divorces in this age group may be increasing, but this does not change the unique challenges faced by these…

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"Gray Divorce" on the Rise

While the circumstances of each divorce vary from couple to couple, there has been a recent influx in “Gray Divorce,” or divorce involving couples over the age of fifty.  This growing phenomenon poses its own set of complications. Most of these issues involve alimony and retirement, things which younger married couples sometimes haven’t even begun…

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