Divorce after 50 is no longer the exception but a growing trend, reflecting changing stereotypes and evolving life circumstances. In today's world, individuals aged 50 and above constitute the largest demographic of divorcees. One in three people getting divorced in the United States are aged 50 or older, a vivid illustration of divorce in the golden years.
At Hathaway Law Group, P.C. L.L.O., we recognize this shifting landscape and understand the unique challenges faced by those going through what's often referred to as 'Gray Divorce.' Our commitment is to provide comprehensive support and legal guidance during this significant life event.
For many, ending a marriage later in life is never an easy decision to make. Understanding the common reasons for the rise in Golden Divorce is vital. These factors help illuminate the complexities driving these choices and can assist you in making informed decisions:
Empty Nest Syndrome: Many couples today choose to maintain their marriages until their children have grown and become independent. This delay in seeking divorce has contributed to the surge in "empty nest syndrome". This newfound stage of life can lead to the realization that they have grown apart and now seek to explore new horizons independently once the obligation of raising and taking care of children has been removed.
Longer Life Expectancy: Increased life expectancies have altered the traditional marital landscape. Couples may find it challenging to envision spending their extended years in a marriage that no longer fulfills them, especially with the hope there are more years ahead.
Health Concerns: Health issues, which can become more pronounced with age, can put added strain on a marriage. This can include the emotional and financial burden of caring for an ailing spouse leading to the decision of divorce. While this is unfortunate, there are many instances where married couples in this situation collectively agree to separate in scenarios like this.
Retirement Planning: Differences in retirement goals, financial priorities, and visions for the future can become more evident as couples approach retirement age. These disparities may prompt a reevaluation of the marriage.
Dissatisfaction: Over the course of a long-term marriage, dissatisfaction may accumulate. Unresolved conflicts or an overall sense of unhappiness can drive the decision to seek divorce as individuals strive for personal fulfillment.
When pursuing divorce in the golden years of your life, there are a unique set of considerations that come into play, both on a financial and personal level. For many couples who have been married for a long time, there is a deep rooted past that needs to be methodically split amongst both parties. Our legal time with decades of experience can help resolve some of these commonly asked questions:
What Are My Financial Assets and Debts?
Our team of lawyers can help you understand the full scope of your financial situation. This includes gaining clarity on joint and individual financial assets and liabilities, and your potential outcomes with divorce.
How Will Our Property and Assets Be Divided?
Property division can be a complex matter. Discuss the division of assets, including retirement accounts, real estate, investments, and other marital property.
How Can a Divorce Impact Retirement?
Consider how the divorce will affect your retirement plans and assets. This may involve dividing specific retirement accounts like 401(k)s or pensions.
What About Social Security?
Explore how the divorce may impact Social Security benefits. If your marriage has been long-term, you may be eligible to claim benefits based on your ex-spouse's earnings through alimony, which our law firm specializes in.
How Will Healthcare Be Managed?
Examine your healthcare options post-divorce, especially if you were previously covered under your spouse's plan. Our dedicated staff will help address any health concerns or insurance-related issues as it pertains to your golden divorce.
Hathaway Law Group, P.C. L.L.O. is committed to providing tailored solutions to meet your unique needs during a "Gray Divorce". Here are some of the most common Divorce Options:
Divorce Preplanning: Don't be the partner served with legal papers left having to scrambling to figure out your next steps. We advocate for proactive divorce preplanning as a key step in your journey towards a smoother transition. By taking control of your situation and understanding the process, you can navigate your 50+ with confidence and clarity.
Uncontested Divorce: When both spouses agree on the terms of the divorce, an uncontested divorce can be a cost-effective and efficient option. With your agreement we will handle the legal processes for you so that your transition is a smooth one.
Contested Divorce: In cases where disputes arise, we offer dedicated legal representation to protect your interests and fight for you throughout the contested divorce process. Our experienced attorneys ensure your rights are protected, your interests are secured, and your voice is heard as we guide you through the complexities of litigation.
Gray Divorce in Nebraska can present unique challenges, but you don't have to face them alone. Reach out to Hathaway Law Group, P.C. L.L.O. today to schedule a free initial consultation with an experienced Nebraska 50+ Divorce Attorney. Our compassionate and knowledgeable legal team is here to provide you with the guidance, support, and expertise you need as you embark on this transitional journey toward a brighter future. Contact us online or call us at (402) 629-6633.