Important Issues to Consider When Divorcing After a Long Term Marriage

by | Sep 23, 2019 | property division

“You have faced way more challenging issues.”

So says a financial expert penning a recent divorce-related article for Kiplinger magazine.

In this family law article, Neale Godfrey specifically discusses the increasingly common American reality of couples divorcing after decades of marriage.

Divorce after decades of marriage was a truly big deal – and, in fact, an exceedingly rare occurrence – at one time. Godfrey notes that unhappy spouses in prior generations stuck in dismal marriages routinely “just sucked it up and went on in silence.”

Reams of empirical data now indicate that the continuance of a bad marriage is far from inevitable. One family-focused organization states that, “For married individuals aged 65 and older, the risk of divorce has more than doubled since 1990.”

This equates to millions of baby boomer divorces, which Godfrey stresses can typically be handled most efficiently and fairly with help from family law professionals.

Indeed, input from a proven and empathetic divorce lawyer commanding experience as a divorce litigator can help ensure that a valued client’s best interests are optimally advanced in the divorce process.

For a divorcing party of a long-enduring marriage in Illinois or elsewhere, singular issues especially relevant to that demographic will obviously crop up.

Alimony or spousal support might well be one of those. Accurately accounting for and valuing marital property slated for equitable division after years of accumulation could easily be another. The majority of relatively older divorcing couples must focus on a wide variety of savings vehicles ranging from company-sponsored retirement plans and pensions to stock options, Social Security benefits, and more.

Godfrey notes all those focal points, as well as additional matters that will logically require the attention of boomer-aged divorcing parties.

He essentially tells his audience to that if divorce is inevitable it is best to just get on with the process.

“You don’t have to resign yourself to a life of compromise,” he says.

Questions relevant to a so-called “gray” divorce can be directed to an attorney with broad-based experience representing diverse clients in family law matters.