Getting Divorced Later In Life Comes With Unique Considerations
While divorce rates in the United States overall have been declining, the divorce rate among couples age 50 and older has actually been increasing. Later-life divorce, sometimes known as “graying divorce” avoids some of the common problems associated with divorce between younger couples but brings with it unique problems of its own. As such, it is critical to work with a knowledgeable attorney if you’ve decided to part ways after age 50.
South Jersey Divorce Solutions offers a variety of divorce solutions. After assessing needs and goals, we’ll help you choose the option that’s right for you.
The Differences With Graying Divorce
Perhaps the most obvious benefit to divorce when you’re older is the absence of child custody issues. Chances are good that your children are grown or will reach adulthood very soon. Another difference is that you and your spouse are likely to be more professionally accomplished, and therefore more financially stable, than at other times in your life.
Among the challenging aspects, you may face these situations:
- Being close enough to retirement that you will have a difficult time picking up the extra savings need to go from one household to two
- Being more likely to have health care and insurance issues to address
- A marital estate that is more complex and therefore more difficult to account for and divide (multiple real estate properties, retirement accounts, financial investments, inheritances, etc.)
This is where the help of an experienced attorney can be invaluable. Developing an equitable property settlement is critical because unlike some elements of a divorce, courts rarely permit a modification of a property settlement without a showing of actual fraud. You only have one chance to get it right and this is important, because you have fewer income-earning years ahead to make up any shortfalls, and we can help ensure that your property division is accurate and will meet your future needs.
Consider Alternatives To Litigation
Litigation is likely to be longest and costliest path to divorce. It is a necessary option if you and your spouse are simply unable to negotiate with one another. But if you can discuss your differences amicably, you could greatly benefit from an alternative like mediation, collaborative divorce or a negotiated agreement.
These alternatives often save considerable time and money, neither of which you can afford to lose when getting divorced later in life. Just as importantly, they reduce conflict and stress, giving you a better chance at an amicable relationship after the divorce.
No matter which option you choose, our attorney, Melissa Fecak, Esq., will be here to guide you at every step of the way. She will strive to make your divorce process as efficient and cost-effective as it can be while also ensuring that you receive your fair share of marital assets.
Contact Us To Discuss Your Divorce Needs
Located in Merchantville, South Jersey Divorce Solutions is ready to help you through this difficult time. To arrange your initial consultation, call us at 856-499-8061 or fill out our online contact form.
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