What is a Gray Divorce in New York? | What to Know

What is a Gray Divorce in New York? | What to Know

You will need a dedicated New York divorce attorney on your side if you are going through a gray divorce. Contact us today to discuss the specifics of your case and learn more about how we can best help you.

What is a gray divorce in New York?

A gray divorce is a title used for couples over the age of 50 who are going through a divorce. Gray divorces are distinctive from other kinds of divorces because couples over 50 may have to deal with additional issues that other couples may not have to face. For example, some couples may be required to pay open durational alimony, and most older couples will not have to worry about child custody or child support.

What are common issues that are addressed in gray divorce?

This type of divorce has many issues to settle. As previously stated, gray divorces typically deal with concerns that other kinds of divorces do not. Some of the most common issues that come up in a gray divorce in New York include the following:

  • Establishing whether inheritances can be divided
  • Alimony negotiations when one spouse is collecting social security off of the other’s earnings
  • Dividing pension plans or other retirement accounts
  • Whether or not they are required to pay for their children’s college education through child support
  • Determining alimony duration, frequency, and amount
  • Determining marital property vs. separate property
  • Whether or not a new life insurance policy is needed

What is the benefit of mediation during a gray divorce?

There are many advantages to choosing mediation over litigation when going through a gray divorce. These advantages include:

  • The couple does not want to waste a lot of money on the divorce. Spouses who are divorcing after a long-term marriage are most likely in their 50’s or 60’s, suggesting that they plan on retiring soon. As a result, they may not want to spend much money on their divorce in order to protect their retirement fund. Mediation is costs less than a litigated divorce.
  • They do not want to waste a lot of time on the divorce. Divorces can take many years to resolve. Older couples usually do not want to spend their time dealing with a heated courtroom divorce. If you choose mediation, resolutions can be reached must faster and more efficiently.
  • They do not want to add any more pressure to their life. Those of an older age may have certain difficulties and stressors. This can refer to a demanding job, college tuition bills, caring for aging parents, supporting children, medical issues, etc. A complex divorce is usually the last thing they need to add stress to their life. Mediation is known to be a much more calm process.

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.