Ordway Law Group, LLC
Ordway Law Group, LLC
Divorce & Family Law

How do grey divorcees handle the aftermath?

| May 28, 2021 | Divorce |

Getting through divorce is a struggle for any couple, no matter what their age or how long they have been together. But as a grey divorcee, you face unique struggles that younger couples likely do not even consider.

After the dust settles and you get through the initial struggle, what next? How do you handle the aftermath as a divorcee?

Financial difficulties

According to Forbes, there are unique hurdles grey divorcees face that younger couples do not. This primarily revolves around financial issues. For example, you will likely face a complex division of assets due to how many you have accumulated over the years. It is also likely you will run into issues regarding retirement plans and benefits, which you probably share with your spouse.

Needless to say, this creates a rocky financial situation. You may not know what you will do to make up for lost divorce benefits. You also do not have as much time to regain lost assets compared to a younger couple.

Minimizing damage

But you can still handle the aftermath carefully, in a way that minimizes the damage you face. For example, you can focus on spousal support payments. This ensures you get the money you need to keep yourself level while you look for more permanent ways of funding your current lifestyle. It gives you time to consider your options, including returning to school to re-enter the workforce.

Next, you can pursue fair asset division. By ensuring your spouse is not hiding assets, you ensure you get your fair share of them. This makes it easier to readjust in life after the split. To help you secure these things, consider contacting financial help.

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