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Kane County divorce and retirement attorney

Divorcing after 50 is not the same as divorcing at an earlier age in many respects. Being so close to retirement age and having so many differences in your lifestyle, outlook, and finances relative to when you were younger makes a difference. Recovering from a divorce after 50 is more urgent and complex. Here are some practical ways to secure your financial future when going through a divorce later in life:

6 Ways to Improve Your Finances After a Gray Divorce

The decisions you make about your finances when you divorce after 50 can quite literally determine the rest of your lifeā€”from retirement to death. That is why you need to consider the following issues when divorcing after 50 to ensure your financial outlook is positive:

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Dupage County spousal support attorney

Contrary to common belief, even if you and/or your ex-spouse are retired or will retire soon, spousal maintenance (alimony) payments will not automatically stop in Illinois. Depending on the circumstances and the obligations set forth in your divorce decree, the payor might still be required to continue making spousal support payments long after retirement. Here is a closer look at the different scenarios you might face with regard to spousal maintenance after retirement:

Spousal Support as a Retiree

Regardless of whether you are the paying spouse or the receiving spouse, there are essentially three things that could happen to spousal maintenance payments upon retirement:

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