Late-Life Divorce in New Jersey | What You Need to Know
In today’s day and age, more people get divorced than ever. That being said, members of our society who are over the age of 50 are no exception, as late-life divorces, also sometimes known as gray divorces, are also on the rise. Of course, divorce is always a complex issue, however, if you are someone who is over the age of 50 and you are looking to get divorced, the process may be even more complicated. This is why you must continue reading and speak with our knowledgeable New Jersey divorce attorneys to learn more about late-life divorces, what makes them unique, and how our firm can help you through every step of the process ahead. Here are some of the questions you may have:
How is late-life divorce different?
Of course, many of the standard divorce-related issues are still at play, including child custody, spousal support, child support, property distribution, and more, however, late-life divorce is different in that property distribution is almost certainly more involved due to the simple fact that older spouses have accrued more assets in their lifetimes. Furthermore, if you are approaching retirement age, you will also have to consider pension plans and retirement funds, among other assets. In many cases, someone’s retirement plan will be their only source of income at that point, which is why it is critical you hire an attorney who can protect it. Additionally, late-life divorces frequently involve jointly-owned marital assets, which sometimes makes it difficult to discern who is entitled to which assets.
Am I allowed to receive alimony if I am in a late-life divorce?
Fortunately, in many cases, you can. When spouses get divorced, oftentimes, the financially dependent spouse will receive alimony, or spousal support payments, for a certain period of time. Courts consider a wide array of factors when determining the duration of your alimony payments, however, one of the most important factors is the duration of your marriage. If you are someone who is entering a late-life divorce, there is a very good chance that you will receive open durational alimony. This means that you will receive alimony for an indeterminate period of time, and the only factor that may warrant the termination or reduction of alimony payments will be a significant and permanent change in circumstances. Our firm can help fight for the spousal support you deserve.
Contact our experienced New Jersey firm
If you are considering a divorce and need an attorney who can effectively represent you through every step you can count on Lazor Rantas, PC. We proudly serve clients throughout New Jersey as they navigate divorce and family law matters. To discuss your case with an experienced legal team, contact Lazor Rantas, PC today.