Overcoming the Challenges of Divorcing Over 50

Overcoming the Challenges of Divorcing Over 50

Grey Divorce and Moving on With Your Life

Grey divorce is a term used to describe married couples who decide to split up later in life. Whether mutual or not, divorcing after being married for the long-term can be emotionally taxing, and the financial ties can be difficult to separate from. Divorcing later in life has some unique obstacles, but not ones that can’t be overcome. When unsure how to move forward, getting the correct information and support can help navigate the divorce process better. Owenby Law, P.A. has some tips to help you move forward with your life.

The Financial Challenges

While you may not have assets and bank accounts equivalent to those of Bill and Melinda Gates, every divorce can be complicated when substantial assets and money have accumulated during the marriage. Under Florida laws, assets are distributed equitably. Equitable distribution means that all assets acquired during the marriage will be split equitably and fairly — not 50/50. This includes your home, vacation homes, retirement benefits, cars, and other assets. Many older couples who divorce are most concerned about keeping their retirement. While 401ks and pensions are up for equitable distribution, there are some ways you can keep your retirement assets untouched. Here is more information:

Related Article: How Can I Protect My Retirement in a Divorce?

While you may be scared about your financial future and worried about who gets what, it’s critical to get legal help to protect your financial security. Having a skilled divorce lawyer on your side can ensure your distribution of assets is, in fact, “equitable and fair.” Once your financial assets are taken care of, you can have peace of mind knowing you will be too.

The Emotional Challenges

It’s not easy letting go of so many years of marriage. It can be scary to think about moving on when you’ve been with someone for so long and have shared things like having children, grandchildren, and meshed together family and friends. However, the first step in moving forward is to get through your divorce with as much support as you need. From confiding in family and friends or getting help from support groups, it’s essential to ensure your emotional well-being. To overcome the emotional challenges, practice self-care and explore all the new possibilities on the horizon after a divorce. From finding a new hobby to getting bit by the travel bug, there’s plenty of ways to keep moving forward and enjoy life.

Related Article: Dealing with The Emotional Stages of Divorce

Divorcing Later in Life? We Can Help.

After many years of marriage, it can be difficult to let go and move on. However, when you need guidance to help you through the process, Owenby Law, P.A. is here to support you every step of the way. Divorcing later in life can mean going up against a unique set of challenges regarding dividing assets and property. Having an experienced attorney that understands all the nuances of grey divorce is critical to the outcome of your case. We are here to protect your rights.

Contact Owenby Law, P.A. today at (904) 770-3141 to schedule a free consultation with our team.

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