What Are Some Important Considerations for a Gray Divorce in New York?

Contact Us Today!
 
elderly person with wedding ring

No matter your age, going through a divorce is a life-changing matter. Unfortunately, it is something that roughly 50% of all Americans go through in today’s day and age. That said, if you are over the age of 50 and are planning on getting divorced, you are going through what is known as a gray divorce. There are various potential considerations for those looking to go through such a divorce in New York State. Please continue reading and reach out to a seasoned divorce & separation attorney in Bohemia, NY to learn more about gray divorce in New York and how our legal team can help you through the process ahead.

What are some of the most important things to consider when going through a gray divorce in New York?

Gray divorce involves many of the same issues that other divorces involve, however, there are certain features of gray divorce that make it unique. To start, in many cases, couples in gray divorces no longer have to worry about child custody matters, as their children are often over the age of 18 or have already moved out of their homes. However, there are other aspects of gray divorce that can potentially make it more complex than divorces involving younger couples. Some of those are as follows:

  • Intertwined assets: Typically, spouses over the age of 50 will have a great deal of assets saved up, and often, those assets are commingled. For example, unless a prenuptial agreement is in place, assets in jointly-held bank accounts will have to be divided in equitable distribution. Also, often, stock options, real estate properties, and more will all come into play.
  • Retirement benefits: You may not realize it, but your pension may actually be subject to equitable distribution, meaning your spouse may be entitled to a portion of it, should you ever get divorced.
  • Alimony issues: For many spouses, especially those who have not worked for a paycheck and instead raised children and took care of the house, receiving alimony is a critical part of financial independence after a divorce, especially if they are of the age of health where getting a paying job in the workforce is no longer a viable or practical option. For this reason, it is paramount that you hire a seasoned attorney to effectively fight for the spousal support agreement you need.

Why choose our firm?

We have an excellent AVVO rating from our many happy clients

We will tirelessly pursue a favorable resolution to your case

We offer aggressive and effective representation

We treat our clients with the compassion, patience, and respect that they deserve

We have more than 20 years of dedicated legal experience

We have the legal knowledge necessary to help you obtain the outcome you desire

We tailor our practice to the representation of your divorce case

What Our Clients Are Saying

I hired Susan to represent me in a divorce matter where I was fighting for custody and to limit my wife's equitable share of our assets. I won custody of our son, kept the marital residence, kept my professional practice, kept my building and paid less than half to my wife. This was after a long-term marriage. She could persuade the court that equitable is not equal and sometimes the man does deserve to win!

‐ Dave

I first must say that I had been represented by two prior attorneys both of whom had simply taken my money and left me nothing to show for it in my custody case. They kept telling me what they were doing for me but I found out they were lying. Susan on the other hand had gotten me temporary custody and support for my children and myself within two months of hiring her. I cannot say enough about her.

‐ Craig

After talking to a few other attorneys, I hired Susan to represent me in my divorce and custody dispute. I was reluctant to go with her because she was the cheapest out of all the other attorneys I met with, but I'm so glad I did. I am 100% positive no one else would have done such a great job with my case as Susan and her staff. Her work is quality, her staff is reliable and her character is honorable. There...

‐ Linda

I had a very difficult case where I had already burned through two attorneys who were unable to get me custody of my children and complete my divorce. Susan was able to rapidly work out an agreement and not let it just malinger on like my previous experiences. She was also considerate of my financial situation unlike all of the other lawyers I had spoken to. I highly recommend her if you want complete and caring service with an in-depth knowledge of...

‐ Joanne

SERVING ALL OF SUFFOLK COUNTY

The Law Offices of Susan A. Kassel, P.C. proudly serves clients throughout Suffolk County, New York in their divorce, family law, and estate planning matters. If you require the services of an experienced Suffolk County attorney, schedule a consultation with The Law Offices of Susan A. Kassel, P.C. today.

Recent Blogs

VIEW MORE

Contact Us Today!