Divorce Lawyers for Couples Nearing Or In Retirement
A divorce is likely to be difficult for any individual, regardless of age, but for a person or a couple nearing retirement, ending a marriage can be totally overwhelming. The skilled attorneys at Botti Marinaccio, LTD. recognize and understand the unique needs of older spouses as they approach the process of divorce. Our team provides reliable guidance and sound representation to individuals who are going through what is commonly referred to as “gray divorce.”
Counsel For People Over 50 Seeking A Divorce
Over the last several decades, the phrase “gray divorce” has been used to describe the end of a marriage between spouses who are at least 50 years old or older. Various reputable sources have reported that the divorce rate in this age group has more than doubled in the U.S. since 1990. Presently, roughly one in four divorce filings constitute gray divorce, and there are many reasons for this phenomenon. Divorce is more socially acceptable than ever before, which has led many older people to realize that there is no need for them to remain stuck in a marriage that is unhappy or unhealthy.
At Botti Marinaccio, LTD., we realize that many older divorces involve spouses who have been married to one another for many years. In fact, some gray divorces involve individuals who have never lived life as a single adult before. For such people, the idea of a divorce can be very frightening, especially with retirement right around the corner. Our attorneys have decades of experience in the practice of divorce and family law that we are prepared to put to work for you. If you are getting close to retirement and the prospect of a divorce is looming, we are equipped to help.
Retirement And Divorce
When a couple nearing retirement gets divorced, there will be a number of concerns that they need to address. Perhaps the most important of these concerns is the division of marital property—which typically includes the couple’s retirement savings. While younger divorcing couples may be worried about the marital home or furniture, older couples tend to be concerned about having the money they need for retirement. Dividing retirement savings can be complicated and may require the assistance of outside financial experts. At our firm, we work closely with a large network of financial professionals whose input is often useful in determining your retirement needs and calculating the portion of your retirement savings to which you should be entitled.
Factors In Determining Spousal Support
Spousal support, or maintenance, is also a consideration in many older divorces. A person who is nearing retirement is not likely to have much opportunity to train for a new job, complete educational programs, or begin a new career, especially if he or she was not part of the workforce during the marriage. Depending on the circumstances of your situation, we can help you build a case for receiving ongoing maintenance payments from your former spouse. or limiting what you will be required to pay.
It is also important to consider how your divorce might affect your eligibility for health insurance, Social Security, and other benefit programs. At Botti Marinaccio, LTD., we believe that our ability to communicate is one of our greatest strengths. We will meet with you to discuss your situation and to carefully analyze your needs. From there, we will develop a strategy designed to help you move forward into a happier, healthier new life.