Are you thinking about divorce at an older age? This practice is commonly called gray divorce, and it is becoming more popular for a variety of reasons. Also called silver or late-life divorce, this refers to the process of ending a marriage after the age of 50. While it has always been a possibility, the rates have been rising over the last few years; if it is time for a change, be sure to talk to a trusted local family law attorney about your path forward.
With The Law Office of Larracuente & Goulden in Milford, CT, you have a team that is ready to help. In Connecticut, just like all other states, there are rules to how marriages must end, and for older individuals, these can be even more difficult to navigate. So, if you are ready to talk about divorcing your partner after the age of 50, make the effort and call a practice with the right balance of experience and expertise. To find out more about your options, contact our office today.
Understanding Your Financial Future
In every state, the court system wants to make sure that your shared finances are split in an appropriate way. For some states, that means trying to find as close to an even 50-50 split as possible; these are known as community property states. Here in our home state of Connecticut, however, we look to take a different approach through a concept known as “equitable distribution.”
Equitable distribution refers to a concept in which the courts are able to look at a host of factors when determining how finances should be divided between divorcing partners. For younger individuals, this might not make as much of an impact, but when you have retirement accounts and investments together, figuring things out can be tough. And sometimes, other options like legal separation might make more sense. Talk to your attorney about how equitable distribution works, and how it could become central to your split.
Navigating The Gray Divorce Process
When you are young, you tend to have less that ties to down. As you age, responsibilities pile up, and there is more than just the financial element of your divorce. You two may have shared children together, and even if they are adults, it can become a strain on you and your family. By speaking with your attorney about your options, you can learn about how some other older couples are handling their gray divorce.
Ready For Your Next Life?
If it is time to talk about divorce, even after the age of 50, we are here for you. To find out more about the financial and familial impacts of gray divorce, call The Law Office of Larracuente & Goulden, LLC in Milford, CT at (203)951-6688 today.
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