There are many Tucson area residents who have found that their marriages are heading for divorce. A divorce can be complicated and emotional for many reasons. Lately, there has been an uptick in the number of older people seeking a divorce, known as a “grey divorce”.
When a person is older when they are going through a divorce there can be certain challenges.
Retirement benefits and Social Security
Those who are older have had the benefit of working many years and acquiring a sizeable retirement account. A person’s pension will be considered a joint asset and will be split between the two partners. This amount may limit the life a person can have after a divorce because it may now have to support two households.
Health Insurance
Health insurance is an important area for many seniors. If one spouse is not employed, their partner covers their health insurance but what happens after a divorce can be complicated. Not having insurance in the older years is a major challenge.
Division of assets
When a couple has been married for many years it can be difficult to get through the division of assets portion of a divorce. Assets that were owned by one spouse before a marriage can be hard to identify and there can be conflicts when each spouse tries to claim what belongs to them.
Adult children
Most couples who have been married for a long time have adult children. A divorce can be very hard on these children. Their parents may lean on them for emotional support and may even ask that they take sides. Parents may even rely on their children for financial support after a divorce.
There are many unique circumstances that older people encounter when they go through a divorce. A legal professional who specializes in divorce understands their client is facing many challenges and will help to make sure their questions are answered and their future is protected.