Getting a divorce after age 50? What does that mean for you and your spouse?
Marital dissolution after age 50, or "grey divorces", are on the rise in the United States. A divorce is never easy at any age, however it can be especially emotional and stressful for couples over 50. It is critical to have an attorney with the experience necessary to handle the complexities of helping a couple separate after decades of marriage.
By the time couples have been married 20 years or more, their children are often well into their teens or independent, which makes child support a short-term or nonexistent issue.
CONSIDERATIONS OF GREY DIVORCES
- The home, possessions and sentimental items
- Alimony and/or spousal support
- Equitable division of their property
- Pensions and retirement accounts
In a grey divorce, spouses generally don't have to worry about child support or custody of the children. The primary focus is on joint property, assets, and retirement accounts. Since in many families, there may be major differences in income or no income at all for a spouse who stayed home to raise the children, alimony and division of property becomes a primary concern. When the court makes decisions regarding your divorce, it will consider significant discrepancies between the incomes of each person and you need an experienced attorney who can present your side with strength and confidence.
Whether you are the husband or the wife, the primary wage-earner or the spouse that worked part-time or stayed home to raise the children, you need an attorney who understands the situation and can compassionately guide you through the process. Dannie Botros has the experience to protect and preserve your rights and way of life. Contact us today to begin a partnership of success in your next chapter.