Using Housing Wealth to Facilitate Asset Division in "Silver Divorce"

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Reverse mortgages (a.k.a. Home Equity Conversion Mortgages (HECMs)) can play a very important role in meeting the economic concerns of retirement-aged couples who are divorcing, both to facilitate the division of a couple’s major assets and to optimize the assets that can be used for retirement income.

Barry H. Sacks

PhD, JD

Barry is a practicing tax attorney in San Francisco, specializing in pensions. He has published numerous articles on retirement income.

Mary Jo LaFaye

Reverse Mortgage Loan Officer

Mary Jo is a reverse mortgage loan officer in the San Francisco Bay Area, with more than 14 years of experience. She consults frequently on the use of reverse mortgages to provide liquidity for asset division in silver divorce.

Stephen R. Sacks

PhD

Stephen is professor emeritus of economics, University of Connecticut. He has published numerous articles on operations research and on retirement income. He maintains an economics consulting practice in New York.