Getting Divorced At An Older Age Can Be Complicated

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Can Children Decide Who They Live With?
Getting Divorced At An Older Age Can Be
Complicated
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Getting divorced at any age is not something
anyone wants to go through. Unfortunately,
sometimes it is the best route forward for
everyone involved. The process of separation is
complicated. One thing can make divorce even more
complicated getting divorced at an older age.
While the divorce rate for younger couples has
decreased, the rate has actually increased among
those over 50 years of age. This has been dubbed
gray divorce, and can present an entirely
different set of challenges for those splitting
up and the courts.
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At the Law Offices of Stephanie L. Mahdavi, you
can count on having an experienced Westlake
Village divorce lawyer by your side to get you
through this. You need an advocate, someone who
will fight for what you deserve at every step in
the process.
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What Is At Stake?
Getting divorced at any age is not something
anyone wants to go through. Unfortunately,
sometimes it is the best route forward for
everyone involved. The process of separation is
complicated. One thing can make divorce even more
complicated getting divorced at an older age.
While the divorce rate for younger couples has
decreased, the rate has actually increased among
those over 50 years of age. This has been dubbed
gray divorce, and can present an entirely
different set of challenges for those splitting
up and the courts.
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Late in life divorces or gray divorces, are
especially difficult because they are typically
longer marriages. This makes a difference when it
comes to most areas of a divorce proceeding. No,
you will likely not have to deal with issues of
child support and child custody. However, couples
who have been together for a long time typically
have more facets of their lives intertwined.
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In California, the courts want to ensure that
a couples assets are distributed equally.
Consider the following
Other real estate and property
Joint retirement accounts
Vehicles
Pensions of one or both spouse
Furniture and appliances
Checking and savings accounts
The marital home
Any debt that is outstanding
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All of these need to be settled in a divorce
settlement. What many people may not think about
are the potential tax implications of splitting
assets, particularly before the age allowed. For
IRAs, pensions, 401(k)s, and other retirement
accounts, there is typically a penalty for early
withdrawals. When most married couples are
planning retirement, they do so under the
assumption that they will be maintaining one
household. In a divorce, there may not be enough
to maintain both couples. The earning potential
for those involved in late in life divorces is
much lower. One or both parties may have to
adjust to a different lifestyle than they are
accustomed to or potentially have to reenter the
workforce.
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What You Can Do Now
Divorce is not easy for anyone to go through,
particularly people at an older age. This was not
how you planned on things happening and you need
someone by your side who will fight to ensure
that you are treated fairly. At the Law Offices
of Stephanie L. Mahdavi, you will have a
qualified and experienced Westlake Village
divorce attorney by your side.
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Contact
Law Offices of Stephanie L. Mahdavi A
Professional Law Corporation
4530 E Thousand Oaks Blvd, Suite 200 Westlake
Village, CA 91362
Address
Phone
805-379-4550
Website
https//www.slmfamilylaw.com/contact/