The Law Office of Zoe Meigs, P.C.
Dedicated To Your Goals & Future

Divorce late in life has special issues

Our population is aging and there's an increase in what is known as gray divorce. There are special issues that must be considered when a long-term marriage ends and the parties are over 50 years old.

Two important aspects of gray divorces are 401K and pension plans of the spouses. It is much harder to rebuild these types of assets as retirement draws closer. This is especially important to consider in a community-property state like Texas. Generally, assets obtained during the marriage are equally divided in a divorce

Another issue that crops up for those divorcing later in life is alimony payments. Courts often grant alimony in marriages that spanned 25 to 30 years, and the alimony often lasts until the death or remarriage of the spouse receiving the payments. Retirement does not automatically end the obligation either. Most of the time, it is based on negotiation between the divorced parties and court rulings. Social security benefits, which can't be divided, can be used to offset other assets and income. A final question to consider is whether or not to keep the marital house. This used to be a major asset, but with the drop in housing prices, it may not be as large of an asset. Care should be taken in selling or valuing property in the current market.

Divorces are more complicated when the marriages are long and the couples are nearing retirement. A divorce lawyer may be able to review the case and offer options that are fair to both parties. In Texas, people who are considering divorce may benefit from consulting with knowledgeable divorce lawyers who may explain their rights and options.

Source: The Huffington Post, "The Gray Divorce," Henry Gornbein, Mar. 6, 2013

No Comments

Leave a comment
Comment Information

Hear what my Clients say

"Ms. Meigs makes thoughtful recommendations based on research. She is also compassionate and has a real desire to help you through a difficult situation."

Email Us For A Response

Contact Me

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

603 E. Belknap St. #102 Fort Worth, TX 76102 Toll Free: 800-483-9142 Phone: 817-381-9905 Fax: 817-336-4448 Map & Directions