Getting a divorce can be a challenging process at any age, but when you choose to end your marriage later in your life, you may face a unique set of financial concerns. In what is known as a “gray divorce”, you will need to consider how the division of your marital property and other decisions you make will impact your retirement plans. An experienced divorce attorney can help you address the sometimes fairly complexicated legal and financial issues that you may encounter in a “gray divorce”, and can advise you on the best steps to take to protect your future.
Financial Concerns in a “Gray Divorce”
“Gray divorce” refers to the increasing trend of couples aged 50 and older choosing to end their marriages. If you are in this demographic, and you are either approaching or are already in your retirement, the financial implications of divorce can be significant. Financial concerns that you may need to address include: