Divorce After 50: How To Protect Yourself

divorce after 50By Jennifer M. Paine

Michigan Divorce Lawyer

Though my previous divorce articles outlined the problems faced if you waited to get a divorce until later in life when the kids are grown and you’re older, all is not lost.

But there is some homework you should do with your mens divorce attorney before your case concludes.

At a minimum, you should:

 

Investigate community health insurance programs. Some counties have free- or low-cost insurance programs for residents who are too young for Medicare but unable to afford or obtain private insurance coverage.

Most of these programs have income requirements, so be sure to structure your property division and alimony payments to comply with them.

 

Prepare your family. Consult with a family therapist to learn the appropriate ways to tell your children that you have decided to get a divorce and answer their question why. If you and your spouse get along and are working on an amicable divorce, pick a time to do this together.

Be honest and frank, but break the news to them gently because they are still your children and to a certain level are to be treated as such even if they are adults.

 

Value the retirement accounts. Do not agree to divide your retirement accounts simply because the statute in your state says you might have to.

If possible, you and your spouse should meet with a financial planner to review your options at retirement and get a better, more realistic picture of what it will be like after divorce.

Spend the money on an expert to have all of the accounts valued. You may find that the values are comparable or that you can give a little more in other property, such as a bank account, to preserve your future stream of retirement income.

Ask your divorce lawyer or financial planner to recommend an expert, or contact your benefits office for a recommendation.

Whatever you do, deciding to “just wait” to get a divorce is the worst choice. If you are thinking about divorce, now is the time to consult with a mens divorce attorney about your options and what you should expect no matter how old you are.

 

“Divorce After 50” Articles:

Divorce After 50: Why It’s More Complex

Divorce After 50: The Same Problems As Divorce At 30

Divorce After 50: How To Protect Yourself

 

Jennifer M. Paine is a Michigan Divorce Lawyer with Cordell & Cordell. She is licensed to practice in Michigan, and has been admitted pro hac vice in Illinois, Ohio, and the United States Court of Federal Claims.

Ms. Paine received her BA in English and Mathematics from Albion College and graduated Summa Cum Laude. She received her Juris Doctorate from MSU College of Law and graduated Summa Cum Laude.

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