My soon to be ex spouse and I live in a retirement community and share a condo. We bought into the community, so how will this affect our divorce? What will happen to this and related assets?
Your investment in your retirement community must be divided just like any other assets. Obviously you cannot divide a condo, so practically speaking, one of you might need to buy the other out. Or you can move, sell the condo, and divide the money. The right strategy is going to depend on several factors, including the rules of your retirement community. So consult with an attorney before moving forward.