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DuPage County gray divorce attorneyIn this day and age, it is becoming more common for senior citizens to divorce, sometimes after decades of marriage. While the causes are numerous, what many do not take into account is that divorcing at an older age can have challenges that younger couples often do not experience. If an older couple is not adequately prepared for some of the particular questions they may confront, significant issues can quickly develop.

Pensions and Other Benefits

One major concern that is not especially pressing for most younger couples is how to divide a pension or Social Security funds. If a couple has been married for ten years or longer, and one or both are over the age of 62, spouses can draw benefits on each other’s work history. This can create complexities in a divorce.

Retirement savings, investments, and pensions are generally divided using Qualified Domestic Relations Orders (QDROs), which apportion a certain percentage of one spouse’s earned retirement benefits to the other spouse. While this is not uncommon, it can still cause issues, given that one spouse’s retirement money is essentially cut in half. Budgets and estate plans will likely need to be reworked. 

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Yorkville gray divorce attorney

Getting divorced after the age of 50, often called a "gray divorce," can be especially difficult under any circumstances. However, if you have a health condition that requires regular care and treatment. You may be concerned about your ability to cover medical expenses without financial support from your spouse, especially if you relied on his or her health insurance coverage. Rest assured that there are options to ensure you continue receiving the care that you need, and your attorney can help you find one that works for you.

Options for Maintaining Health Insurance Coverage in Illinois

If you are employed after your divorce, you can likely obtain health insurance through your own employer. If you can afford it, an individual health insurance plan may also be an option. However, if neither of these is possible, there are several alternatives, including:

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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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