What do I Need to Know About New York Gray Divorces?
Divorce can occur in a couple’s life at any age. This is sometimes even the case after they have been married for decades. These types of divorce cases have become known as “gray divorces.” Originally, the term came from the idea that anyone married for this long must be starting to gray. As time went on, it became more commonly used for divorces between spouses in the “baby boomer” generation, such as those in their 50s and 60s. Continue reading below to learn more and contact an experienced New Jersey divorce attorney for help with your case.
How Can Mediation Help a Gray Divorce?
People who go through a divorce at an older age can benefit from divorcing through mediation instead of litigation. This may be in the event of the following:
- The couple does not want to waste money. Divorces can be expensive and spouses at this age may be planning for retirement or already retired. Instead of spending money on litigation, they may want to protect their retirement funds through mediation.
- The couple does not want to waste time. Divorces can take years and spouses at these ages may not want to spend these years in litigation. Mediation allows for a quicker process.
- The couple does not want more stress in their life. They may be facing other complexities in life, such medical issues, a job, caring for elderly parents, supporting children, etc. The last thing they may want at this point in their life is to go through a drawn out divorce through litigation.
What are Important Gray Divorce Issues to be Aware Of?
There are many issues that can come to life when experiencing a gray divorce. This can include the following:
- Determining alimony duration and amount
- Determining marital property vs. separate property
- Establishing if inheritances can be divided
- Alimony negotiations when one spouse is collecting social security off the other’s earnings
- Whether or not a new life insurance policy is needed
- Dividing pension plans or other retirement accounts
- Whether or not they are required to pay for their children’s college education through child support
Contact our Firm
The Law Office of Peter L. Jameson, PLLC understands the harsh implications of relocation can have on a child and his or her parents. When you have a contested relocation matter, it is important to have an experienced attorney to represent you in court. If you are faced with a relocation matter in Rockland County, contact The Law Office of Peter L. Jameson, PLLC today to schedule a consultation.