If you are over 50 and considering
divorce, you may be discovering that like everything else, divorce is different
than it was when you were younger. Couples who divorce later in life divorce
for the same reasons their younger counterparts do: financial trouble/pressures,
regrets about past decisions, infidelity, a wish for greater independence
or autonomy, etc. But when you get divorced as an older individual, everything
is framed by the fact that you are older. You have life under your belt.
You have more years behind you than you have ahead. Older couples facing
divorce are also facing additional issues that younger couples don’t
necessarily have to address: health concerns, losing parents and friends,
additional tension added by proximity in retired life, as well as the
ever unsettling loss of youth that seems even more distinct when a long-term
relationship is ending.
The emotional impact of divorce is different later in life, but the most
distinctive difference between divorce as a young person and divorce as
an older person is that there is literally less time post-divorce to recover
financially and emotionally. This is a reality that colors the decision
that are made in the divorce process and one that is distinct and unique
to late life divorce.
If you are considering divorce after 50, take a look at some of the challenges
that could be ahead of you:
Division of Assets: Deciding who gets the house is often more difficult
in late life divorces because keeping the house provides additional future
benefits that are more important when you are older as age can trigger
eligibility for real estate property tax exemptions/waivers, reverse mortgage
eligibility occurs at age 62, primary residences are a factor in public
benefits such as Medicaid, tax benefits of home ownership can be important
in later years, home ownership could provide a potential rental income,
etc. Division of retirement plans can be particularly complicated in late
life divorce as well.
These are just a few of the issues unique to late life divorce. If you
have questions regarding your own situation, please get in touch with
the Arizona divorce lawyers at
Arizona Family Law Attorneys
as soon as possible. We can help you address the unique ramifications of the
in accordance with your specific situation.