Divorce among couples near retirement age has its own custody complications: how to divvy up the retirement accounts.
For baby boomers, divorce is soaring. The divorce rate among adults over age 50 doubled between 1990 and 2014, according to a report by the National Center for Family & Marriage Research. For those over 65, divorces tripled during roughly the same period.
"A rising divorce rate is becoming a very consistent trend with the baby boomer generation," said Joslin Davis, president of the American Academy of Matrimonial Lawyers. "It's very unsettling, if not downright scary, for people who are older without much earning capacity left to face a divorce as they are looking forward to retiring."
Second only to alimony, retirement accounts and pensions were the most fought over, according to a recent survey by the academy. To that end, here are the dos and don'ts of dividing a nest egg for those in their golden years, just when they need it most.