Plumides, Romano, Johnson & Cacheris, PC
Call for A Consultation

The financial complexities of divorcing later in life

When some people think of divorce, they imagine young couples choosing to split. However, the real face of divorce is increasingly different throughout North Carolina and the rest of America. Statistics show that a growing number of separations happen to couples over the age of 50. In the last 25 years, the divorce rate for Americans older than 50 has more than doubled, and the upward trend is continuing. Divorce at any age or stage of life comes with complex issues, but the challenges can be exacerbated when the spouses have had a long marriage stretching over the years.

People who choose to divorce have often accumulated a wide variety of significant assets, from real estate to retirement funds to investments. This can lead to complex financial issues during the property division process. To make everything run smoother, a spouse can bring their family law attorney an inventory of all of the marital property.

Records of past employment can also be very useful during a divorce. When reviewing past employment, it's possible to uncover a number of assets, including pension plans, defined benefit plans and stock options earned on the job. Spousal support in later-in-life divorces also requires extra concern. A life insurance policy for the paying spouse can help to protect the recipient spouse in case of unexpected developments.

No matter how old a divorcing couple may be, a family law attorney can provide important representation and counsel. A lawyer could protect the interests of a client and work to achieve a fair settlement.

No Comments

Leave a comment
Comment Information

Contact Our Law Firm Today

You deserve to have a skilled legal advocate on your side who will protect your best interests. We will do just that. To schedule a consultation, please call our office in Charlotte at 704-323-7833, or contact us online.

Plumides, Romano, Johnson & Cacheris, PC
301 South McDowell Street, Suite 130
Charlotte, NC 28204

Phone: 704-323-7833
Fax: 704-358-0536
Charlotte Law Office Map

Schedule A Consultation With An Experienced Attorney Today

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy