People frequently believe that the longer a marriage lasts, the less likely it is that they will end in divorce. While some people experience this, others discover that their differences deepen over time. Some may stay together for the sake of their children, but as they grow older, they may find less reason to do so. It is also possible that their outlook on the future has changed.
When older people decide to divorce, there are unique factors to take into account as they go through the process. The financial repercussions of divorce are a major concern for many people. These can have a greater impact on them than they would on a younger person because the latter would be able to try to recover the money while they are still employed.
Retirement funds that were intended to support one household will be divided in a grey divorce. Each individual will have less money to live on than they anticipated. There are some ways you could possibly make this a little simpler. It might be beneficial to try to keep expenses to a minimum or, if you're able to, return to work.
You must also consider the terms of the property division settlement, such as the division of retirement accounts. It may be difficult to determine what is in your best interests, but you must attempt to think rationally. Compare the value of the assets to the costs associated with maintaining them. You may discover that things you believed to be good ideas actually are not. Working closely with a Miami FL divorce attorney can help you understand your available options and how to handle them.
To learn more about Rafool, LLC, including our team of Miami family law attorneys, visit us online or call 305.567.9400.