Many couples build their lives together over a series of decades, accumulating memories and assets as they go. As a result, the property division process that occurs at the time of divorce can be complex and difficult for many. Massachusetts residents that divorce in their retirement years often have the opportunity to include retirement accounts into their list of marital property.
Over the past 20 years or so, the divorce rate of retirement-age Americans has doubled, and the U. S. Census Bureau estimated recently that more than 10 percent of people in their mid 60s to 70s were divorced. However, one recent survey found that a large percentage of people are unaware that they are entitled to claim the retirement benefits of their spouse during divorce.