Grey Divorce & the Factors You May Have to ConsiderBy Moskowitz Law Group, LLC |
In most cases, when two people decide to file for divorce, they move through a process of mental, physical, and emotional detachment. While each spouse will have to move through these phases, they must also consider various legal matters such as the division of assets and property.
In grey divorce, which occurs when two people over the age of 50 file for divorce, legal matters can be highly complex because spouses must pay special attention to the following matters:
- High net worth
- Social security benefits
- Retirement funds
For this reason, spouses over the age of 50 who are contemplating divorce should seek experienced legal counsel right away. A knowledgeable and skilled divorce lawyer can examine the case and help ensure each spouse receives their rightful assets during the process and once the divorce is finalized.
How Common is Divorce?
Grey divorce defines the demographic trend of increasing divorce rates for older couples who have been married for numerous years. According to the 1990 United States Vital Statistics Report and the 2009 American Community Service report, divorce for individuals 50 years old and older has doubled in the past two decades. In 2009, about 600,000 people over age 50 filed for divorce.
Need Legal Guidance Through the Divorce Process?
At Moskowitz Law Group, LLC, our team of New Jersey divorce lawyers are dedicated to delivering positive outcomes to each and every one of our clients. When you entrust your case to our team, you can rest easier knowing we will work diligently to handle every legal aspect of your case. We understand that divorce can be a difficult process, and that is why we are here to put our skills and knowledge on your side.