Divorce does not discriminate. It can happen to any couple. Even marriages that have lasted decades have fallen victim. It is not uncommon for couples who have raised families, built a life together, and are now approaching retirement to decide to go their separate ways. Divorce later in life is a very different conversation as opposed to being a younger couple.
Older couples seeking divorce may believe the split will go smoothly but can be quite the contrary.
The children are grown, you each have your own careers and you may be looking forward to moving on with your lives separately with ease. However, there are a number of challenges that are unique to couples divorcing after the age of 50. Some of these challenges include real estate, retirement, social security and health benefits. Estate planning, debt, and children are also points of contention.
If you are seeking divorce later in life with unique challenges, it is important to have an experienced Family Law attorney. Rappleye & Rappleye, P.C. in Jackson County can help and advise you every step of the way to ensure you the best possible outcome.
As an older couple, real estate may be one of the most valuable assets because, at this point, you probably own your home and possibly a vacation home. Chances are you and your soon to be ex will have different opinions about how to handle the division of your dwellings.
Retirement income needs to be properly allocated especially if your retirement savings are combined. You may need to fight for the portion that you deserve! Also, sharing a health insurance plan throughout your marriage creates conflict when you split later in life. Medical needs increase as you get older and if you are not eligible for Medicare you will need to purchase your own health care plan which is an added expense.
Division of your assets can be tricky and requires a lawyer’s guidance especially if you don’t want your money, investments, and property to go to your ex’s future spouse and children! Financial debt is another hot topic. Be sure to keep accurate records to ensure equal division and responsibility to your shared debt.
Divorce at any stage of your life is stressful. The attorneys at Rappleye & Rappleye, P.C. in Jackson, Michigan work to reduce your stress by putting their divorce and family law experience to work for you. Contact us today, we are here to help!