Divorce after 50: Don’t Make these 7 Mistakes (Pt. 3)
Wrapping up our blog series, below, we will highlight some final divorce mistakes to sidestep if you’ll be going through divorce after the age of 50.
Monthly income for each partner will always be a factor when it comes to spousal support considerations. However, in divorce after 50, it’s far more likely that at least one of the parties will have retired and/or may have a limited or fixed income. This can make claims to support far less certain than they may have been if the divorce had occurred when the higher earning spouse was working/there was more income coming in on a monthly basis.
This fact can end up meaning, depending on the specifics of a given divorce case, that parties considering divorce after 50 may want to:
- Focus on saving as much money as possible prior to filing a divorce petition and officially kicking off the legal process
- Consult with an experienced Las Vegas divorce attorney as soon as possible to find out more about their best options regarding spousal support requests and/or obligations.
Social Security is an often overlooked aspect of divorce over 50 that can, in fact, provide significant leverage and financial benefits. In particular, when a marriage lasted for 10 or more years, upon a divorced party turning 62 (and remaining single/unmarried), (s)he can claim benefits under his or her ex’s work record (with the lower earning spouse claiming on the higher earner’s record).
This can be an important factor to keep in mind when it comes time to negotiate property division and/or spousal support in divorce.
Of all of the mistakes people can make in divorce after 50, the single biggest one is trying to face the legal process alone, without the help of an experienced divorce lawyer – like a trusted Las Vegas divorce lawyer at RIGHT Lawyers.
The bottom line when it comes to divorce after 50 is that:
- There can be a lot at stake – as assets people have worked they entire lives to acquire can be on the line.
- There will likely be a lot to consider, and an attorney can make sure that you are aware of all of the important issues in your divorce.
- With a divorce lawyer on your side, you can be sure that your interests will be protected throughout the process.