It's vitally important that you execute the terms required in the divorce decree as soon as possible. For gray divorcées , people over the age of 50 getting divorced, the stakes are even higher.

As such, a person who received their final divorce decree on or before December 31, 2022, cannot file jointly with their spouse for the 2022 tax year. Returns are due Tuesday, April 18, 2023.

The new documents must be executed and dated after the date of the final divorce decree. For life insurance, multiparty accounts and an IRA, you will need to sign a new beneficiary designation.

Whether that clause then becomes part of the final decree is up to both parties involved. Morality Clause Divorce Rules Morality clauses aren’t always uniform, depending on where you live .

It's vitally important that you execute the terms required in the divorce decree as soon as possible. For gray divorcées , people over the age of 50 getting divorced, the stakes are even higher.