Silver Divorce: Home Equity Strategies for Separating Spouses
A Reverse Mortgage Education Week webinar for financial advisors, attorneys, and mediators
This webinar is free and open to all interested professionals
Friday, April 28
1:00 pm to 2:00 pm ET
Watch the recording
Jamie Hopkins, Esq., MBA, LLM, CLU, RICP
Associate Professor of Taxation
American College of Financial Services
Diane Pappas, CDFA
Co-President of the Divorce Center
Principal, Solutions for Divorce LLC
Dan Hultquist, CRMP
Co-Chair, NRMLA Education Committee
Silver divorce, sometimes called gray or mature divorce, is increasing in the U.S. where the divorce rate among couples 50 and older has roughly doubled since the 1990s. According to the Pew Research Center, silver divorcees tend to be less financially secure than married and widowed adults, particularly among women. And living alone at older ages can be detrimental to one’s financial comfort and, for men, their satisfaction with their social lives.
Older divorcing couples face unique financial challenges as they consider the division of marital assets and property, and they must pay particularly close attention to the impact a divorce will have on the retirement security of both spouses.
During this webinar for financial advisors, attorneys, and mediators, Professor Jamie Hopkins of the American College of Financial Services expounds on his recent Forbes article that shows how divorcing spouses can use a reverse mortgage to help divide marital property.
Hopkins is joined by Certified Divorce Financial Analyst Diane Pappas, Co-President of the Divorce Center, who discusses the factors that should be evaluated when determining an equitable distribution of assets, explain Qualified Domestic Relations Orders and Domestic Relations Orders, and emphasizes the importance of thinking creatively to meet clients’ needs.
NRMLA’s Education Committee Co-Chair Dan Hultquist, CRMP, provides an overview of how reverse mortgage loans work, consumer protections for borrowers, and share examples of homeowners who have used a reverse mortgage to supplement retirement savings.