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So-called “gray divorce” concerns for splitting baby boomers

On Behalf of | Oct 8, 2019 | Divorce

No, it’s not always a younger crowd of terminally unhappy couples that seeks to untie the marital knot. In fact, an older demographic — namely, baby boomers — leads the charge when it comes to divorce filings in Ohio and nationally these days. Multiple news sources routinely report on the appreciably spiked divorce rate among couples nearing retirement age.

There are obviously some age-specific issues that emerge with marked importance for divorcing partners who are calling it quits after what is often a decades-long union. Following are some key focal points spotlighted in one recent national article:

  • Accuracy and a full accounting regarding Social Security entitlements (proven divorce counsel can explain the detailed rules concerning this)
  • Company-linked retirement accounts and benefits (due diligence needs to be done on things like pensions, stock options, bonuses, sheltered 401(k) vehicles and other potentially divisible assets)
  • Alimony/spousal maintenance determination (this subject matter often crops up in longer-term marriages involving only one wage earner)
  • Future status of the marital home and all other material considerations concerning the identification, valuation and fair distribution of marital assets

The above points are obviously key matters to focus on for many retirement-aged divorcing couples, but they are hardly comprehensive. A family law attorney with a demonstrated record of advocacy on behalf of clients involved in gray divorces routinely works closely with valued and diverse clients to fully flesh out and responsibly act upon all divorce-linked concerns.

Divorce is a fundamentally important life event for any involved individual, irrespective of age. A proven and empathetic legal team will work diligently to ensure that a client’s rights are fully promoted in the process.