What issues should you consider when you divorce over age 50?

On Behalf of | Apr 9, 2021 | Family Law | 0 comments

When you want to divorce later on in life, there are a few different matters to consider compared to getting divorced at a younger age in Oregon. You need to consider how your retirement accounts will be divided as well as any properties you’ve acquired over the years. You also need to factor in alimony, whether you’ll need to pay it to your ex or collect it. It’s also necessary to secure your life insurance and change the beneficiaries if you want to remove your spouse.

How to prepare to file for divorce later on in life

When you prepare to file for divorce at an older age, it’s important to meet with a professional to navigate retirement and Social Security benefits affected by the divorce. Create a budget for your lifestyle if you plan to retire, or be open to finding part-time work if Social Security and your retirement are not enough to afford to live alone after your divorce. Financial and career counselors can offer guidance on how to re-enter the job force. You may even consider going back to school to increase your earning capacity.

You should also consider moving to a smaller place that doesn’t require a lot of maintenance if you’ll be living on your own with just one income. Downsizing can make it easier to afford and maintain once you get divorced.

Who can you contact for legal assistance?

If you want to file for divorce, contact a family law attorney to help you navigate the process and guide you each step of the way. They may inform you of your rights and work to help you protect your assets when you’re getting divorced at a later age. A legal professional may assist you with matters that include spousal support, property division and child support if it applies to your case.