Divorce After 50: Mount Laurel Gray Divorce Attorney
Divorce after 50 – gray or grey divorce – introduces unique challenges for New Jersey couples. You need sound legal guidance to overcome any complications that arise during asset division in divorce, gray or otherwise.
As a family attorney and founder of Scott J. Levine Law, I have extensive experience guiding those in New Jersey through a late-life divorce. For seasoned, practical assistance, reach out to my Mount Laurel office at 856-804-1752.
Challenges With New Jersey Gray Divorces
Divorcing over the age of 50 can present many unique challenges. Here are some examples to consider:
● Dividing assets accumulated over decades, including pensions and retirement accounts, can be complex.
● Access to affordable health insurance may be a concern, particularly if one spouse was relying on the other’s employer-provided coverage.
● The emotional toll can be significant when combined with other substantial life changes like empty nesting or retirement.
● Securing appropriate Social Security benefits in a gray divorce requires careful consideration and planning.
● Real estate and other significant assets must be fairly divided, which often involves careful negotiation and valuation.
Navigating these challenges requires a knowledgeable New Jersey retirement division lawyer, especially amid a senior citizen divorce.
Gray Divorce Settlements In New Jersey
Gray divorce settlements can vary based on several factors, including:
● Marriage length: Longer marriages often mean complicated settlements due to substantial asset accumulation
● Income/earning potential: Disparities in spousal income or earning potential can influence spousal support decisions
● Health and age: The overall health and age of spouses can impact financial needs and settlement terms
● Financial contributions: Accounting for financial and nonfinancial marital contributions may introduce complications
● Lifestyle: Maintaining a comparable lifestyle for both parties post-divorce is often a key consideration
Having a lawyer with negotiation skills and an understanding of what is at stake can help you prioritize a fair settlement that meets your current and future needs.
Act Now To Preserve Your Financial Future
Reach out online or call my office in Mount Laurel, New Jersey, at 856-804-1752 to schedule a confidential consultation. I am ready to guide you in starting over after a divorce when you are over 50.