Silver Separators – Divorcing after 50
Family Lawyers across the country have noticed that there has been an increase in the number of people going through divorce proceedings at a later stage in life. The reasons are varied and could be down to increased life expectancy or simply a shift in social attitudes, meaning people are less likely to remain in an unhappy marriage.
The Impact of No-Fault Divorce
Whatever the reason, the introduction of no-fault divorce in 2022 simplified the process of ending a marriage, meaning you no longer have to attribute blame or fault, making an online platform for divorce more accessible. However, it is important to understand that if you are facing a divorce at a later stage in your life, you should seek legal advice from a specialist Family Lawyer about the divorce process and the impact that it could have on financial matters that arise out of the breakdown of the marriage at a crucial stage in your life.
Why Specialist Legal Advice is Crucial
At Wolferstans we understand that careful consideration needs to be given to some complex issues. You may not be financially independent and may need to consider spousal maintenance. You may have already retired, or you may be close to retirement, and pensions are therefore an important asset to be considered and dealt with to ensure they are shared fairly to provide adequate income for both parties to have their needs met in retirement. We can guide you through this process and appoint a suitable pension Actuary if necessary to ensure any pension share is calculated accurately and fairly to secure your future as best as possible.
Financial Considerations in Later-Life Divorce
A divorce at a later life stage may mean that you have other valuable assets as you may have paid your mortgage off over the years or acquired significant savings. It is important that these assets are dealt with fairly to ensure that future needs can be met. It is also important to take into account that while your assets may now be sufficiently liquid to provide enough capital to make separation possible, unlike a younger couple going through a divorce, you will have less opportunity to rebuild assets and financially recover from a divorce.
Supporting You Through the Process
To achieve a successful divorce later in life is it vital that you seek the right specialist advice to ensure a fair division of all types of assets to meet your future needs. Our specialist team of Family Lawyers are able to explain the process and guide you through your divorce and the associated financial negotiations to their conclusion. We are also able to refer you to our colleagues in other specialist teams who can assist with other important considerations such as updating your Will post separation and Estate Planning.
Contact us Today
Divorcing later in life comes with unique emotional and financial challenges, but you don’t have to face them alone. At Wolferstans, our compassionate and experienced Family Lawyers are here to guide you with sensitivity and clarity, ensuring your future is protected and your voice is heard.
Contact us today on 01752 292201 to arrange a confidential conversation and take control of your next chapter with confidence.