It is becoming increasingly common for couples to be contemplating divorce when they are reaching retirement age or are living in retirement. This is often due to the lifestyle changes that come about during retirement. Your priorities and expectations of what marriage means might change.
You've been married for nearly four decades, but you're finally calling it off. For the most part, you and your spouse are on good terms. You've just decided together that it's best to end the marriage.
There is no single reason why parents wait until their children are adults to get divorced. In some cases, the parents haven't started having relationship issues until then. Financial issues could play a role. The empty nest could impact the parents' relationship.
So-called 'gray divorces' between senior citizens frequently leave the wives impoverished, according to a study done by sociologists at Bowling Green State University in 2010. The women discover to their chagrin that meager Social Security benefits are insufficient to meet their basic needs.
A Qualified Domestic Relations Order (QDRO) is a document that concerns a person's pension plan and the relationship it has to one's former spouse after divorce. It is a legal document that instructs the pension plan administrator of how the pension plan shall be handled in relation to this.
Divorce over 50 is becoming an increasingly popular trend. "Gray divorce", as many are now calling it, is strongly linked to retirement and perhaps the discontent that comes with it. Being around your spouse 24/7 might not be as appealing as you might think once you begin to live the reality.
In our agist society, where less experienced young people are chosen for new jobs over more experienced older employees, it's easy to understand why people have become fixated on the "gray" divorce. The fact is, the baby boomer generation has long been one to do things differently -- so why would any baby boomer choose to stay in a bad marriage just because of the idea that older people aren't supposed to get divorced?
Orlando senior citizens considering divorce tend to be some of the bravest clients we've represented at Mercedes R. Wechsler, PA. We always take great pride in representing the older members of our communities in divorce proceedings. That's because they tend to be some of the most emotionally and financially stable, wise and calm individuals we get to represent in divorce proceedings.
More and more Florida residents are getting married past the age of 50. It is certainly exciting any new couple falls in love and gets married, but from the perspective of a seasoned Florida divorce lawyer, it's always best to take precautions before and during marriage to prevent the threat of a difficult divorce process. One of those precautions might relate to signing a cohabitation agreement.
If either you or your spouse own a 401(k) account, the assets inside it will likely be divisible during your divorce proceedings. However, this certainly doesn't make it easy to divide a 401(k) between two people. Let's take a look at a few issues you need to keep in mind when dividing a 401(k) during your divorce.