Presumably, the longer you live, they more wealth and assets you hope to accumulate. Similarly, the longer you are married, the more likely it is that you will have a larger number of and more costly assets to split during a divorce. As baby boomers get older and more of them get divorced, they are faced with a more challenging task.

The division of property becomes more complicated when you take into account all assets accumulated over the life of the marriage. Retirement accounts, bank accounts, cars, real estate and possibly even business assets might be split during a divorce. Potentially, the longer the marriage was, the longer the list of assets will be. Dividing up some assets, especially the financial ones can get complicated.

Many people don't think about how to divide retirement assets. If you aren't involved in the financial industry, you may think it is as simple as withdrawing money from a 401(k) or IRA. The truth is there can be steep tax penalties for early withdrawals, so retirement accounts need to be carefully transferred.

Income in general is something you may want to secure during a divorce. An attorney can help you calculate how much alimony you might be entitled to, and work with you to make sure your lifestyle is maintained after the divorce. That along with the division of Social Security benefits can help ensure your financial stability.

Speaking with a financial professional along with a divorce attorney can help make sure your assets are divided fairly and with the least financial impact.

Source: Fox Business, "How Boomers Can Protect Assets in a Divorce," Casey Dowd, June 23, 2011