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St. Charles gray divorce attorney

For couples divorcing after age 50, perhaps the most pressing concern is the impact the divorce will have on retirement. When you have spent most of your life planning and budgeting for retirement as a married couple, it may be overwhelming to consider how your plans will change now that you will be on your own. It is inevitable that divorce will have some impact on your retirement, but with some careful consideration and the assistance of an attorney, it is often possible to salvage many of your retirement goals.

Preparing for Retirement During Your Illinois Divorce

Making sure that you are still able to comfortably retire after your divorce often requires smart decision-making during the divorce process as well as a clear plan for after the divorce is finalized. Important strategies to consider include:

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Geneva divorce attorney

The rate of divorce for older couples has grown over the past decade, resulting in the term “gray” divorce. Considering a divorce at any age can be scary, but for those couples who are 50 and older, it can be downright daunting. Spouses who have been married for 25 years or more often have a lot of baggage, as they say. They may have acquired a lot of marital property and assets, all of which will need to be divided if they choose to part ways and legally end the marriage. Illinois is an equitable distribution state, which means any property obtained after the wedding will need to be divided fairly based on several factors. However, in some cases, that might be the easy part. Moving on emotionally can be difficult, regardless of gender. Even though the stereotype is that they are supposed to be the stronger sex, men often have a harder time suddenly adjusting to single life after so many years with a partner.  

Moving On at Midlife 

Once they reach their 40s and 50s, many people take a look at how their lives have turned out. Often considered a “midlife crisis,” men and women alike often find themselves unhappy or disillusioned about what they have accomplished thus far, personally and professionally. In a lot of these situations, their kids are all grown and off to college or living on their own. In some cases, these “empty nesters” realize that they have nothing in common anymore and decide to part amicably. However, sometimes the wife files for divorce, leaving her husband dumbfounded. He may have been too busy pursuing his career to notice that their relationship was deteriorating beyond the point of repair. Below are a few practical tips for men who are facing life after a gray divorce:

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DuPage County divorce lawyerWhen people get divorced and consider relocating to another state as a way of getting a fresh start, there are many things they might consider—from job prospects to housing options, there are all sorts of concerns. But when you are over the age of 50, and in the middle of what is known as a “gray divorce,” there are other considerations that should be made before you decide exactly where to establish new residency. Here are some examples of these important concerns.

4 Things to Think About Before Relocating After a Gray Divorce

While you may think that there is a lot of overlap between the best places to live after divorce and the best places to live in retirement, the truth is that there is very little correlation between the two. Sure, some people might rank Florida as a top-five state for retirement, but in terms of getting a divorce in Florida or even restarting your life in Florida after a gray divorce, it could be much more expensive than you are willing to tolerate. Here are some important things to consider about possible relocation sites after divorce:  

  1. Affordability is even more critical. Of course, no one likes spending more money than they have to, which is why places like California, despite the warm climate, are often out of the question. This is never truer than for retirees or former spouses approaching the age of 50 and considering retiring in the near future. The limited income that comes with retirement means they may be unable to afford the luxurious lifestyle that warmer climates often require, making some of the least expensive options, like Nebraska and Iowa, more desirable than originally thought.

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Yorkville gray divorce attorney

If you are over the age of 50, the safety issues and the hassles associated with the divorce process might make it seem near impossible to get a divorce during the pandemic. It is even easier to put a gray divorce on the back burner when you consider all the warnings from public health officials stating that older people tend to be at higher risk of contracting COVID-19 if not “locked down.” Here in Illinois, the divorce courts have been able to adjust to the “new normal” and attempt to restore some semblance of “business as usual” with regards to divorce cases, adapting when necessary to protect all parties involved from the pandemic. In other words, you can pursue that divorce based on the following reassurances.

4 Ways Illinois Restored Safe Divorce Court Operations

It is true that when the COVID-19 pandemic first became a major statewide problem in Illinois during March of this year, the courts closed entirely to comply with Governor Pritzker’s Stay-at-Home Order, creating a backlog of cases. However, within less than a few months, recognizing that the pandemic would last for an extended period of time—and also seeing that the state had the five-phase “Restore Illinois” reopening plan in process, the court system began altering its processes to accommodate this “new normal.” A few of the ways that the Illinois judicial branch operations have remained flexible during these challenging times include:

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Posted on in Divorce

DuPage County gray divorce attorney

Divorce after 50 presents itself with all sorts of new challenges, including fear of the unknowns in your life, like how you will achieve your dreams now, what will happen with your retirement, how you will make ends meet on a fixed income without your spouse, if you will have to work until you die, or if you will ever fall in love again. While all of these are valid and warranted concerns, there are ways to not only survive but thrive after your gray divorce. Here are some tips to get you started. Who knows? Maybe you will lead an even better life after your gray divorce than you did the 50 years prior.

4 Steps to Surviving a Gray Divorce

Over the last three decades, gray divorce rates have nearly doubled. This all-too-common type of divorce might seem daunting, but ultimately it is for the best—and you can make both your lives better if you are willing and able. But the first goal is survival. There are numerous ways to get through a gray divorce, but four key steps are:

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