Going through a divorce or legal separation after 60 can seem legally and emotionally overwhelming. Later in life divorces have unique property division and alimony challenges that must be addressed, such as retirement plans, pensions, social security benefits, and insurance benefits. Freed Marcroft’s divorce attorneys have extensive experience with “gray divorces.” Our legal team provides emotional and legal support during what can be a difficult time. Clients can choose from collaborative divorces and mediation, or the attorneys can litigate the divorce. Because our Connecticut gray divorce lawyer evaluates each situation, the divorce process is customized for you.
LATER IN LIFE DIVORCE CHALLENGES
Freed Marcroft has the experience necessary to address challenges that are unique to later in life divorces. Your attorney will help you navigate such challenges as:
- Proving value or ownership of assets
- Dividing specific types of property, such as social security and retirement accounts
- Inheritance funds that have been intermingled with marital property
- Reduced financial freedom and the need for alimony later in life
- Financial support for adult children
ALIMONY IN GRAY DIVORCES
Alimony is one of the most important issues in divorces. It’s also one of the most complex. Courts have immense discretion when determining the amount and duration of alimony and spousal support, or whether to award it at all. Two alimony factors judges consider is the age of the spouses and the length of the marriage, often important in later-in-life divorces. And, although increasingly rare, lifetime alimony still exists in Connecticut. That said, there is no calculator or set formula on (1) whether there will be alimony, and, if so, (2) how it’s calculated, or (3) how long it will last. This means tremendous flexibility exists for experienced alimony lawyers to craft and advocate for an individualized approach. That’s why an experienced Connecticut later-in-life divorce attorney can make such a big difference. With the Freed Marcroft legal team by your side, you’ll have an advocate for the life you want to live.
PROPERTY DIVISION IN GRAY DIVORCES
You have spent a lifetime acquiring property, and now that you’re on the cusp of divorce, you’re worried about losing it. As an “all property” divorce state, almost everything is up for grabs during divorces in Connecticut, including property that’s in your spouse’s name. Freed Marcroft is experienced in creating property division agreements for clients, including those involved in high net worth divorces. Such an agreement allows clients to avoid going to trial, where they will have to abide by the judge’s ruling. However, if the case must be litigated, Freed Marcroft will present evidence in front of the court to ensure the equitable distribution of property.
RETIREMENT FUNDS AND DIVORCE
When Connecticut courts divide retirement funds, they look to several different factors including:
- How long your marriage lasted
- The reasons why the marriage came to an end
- The respective ages and health condition of each spouse
- The current income, occupation, and employability of each spouse
- The personal assets and liabilities of each spouse
- The ability of each spouse to be self-sustaining
- The contribution that each spouse made to the acquisition, maintenance, or appreciation of marital assets
Our gray divorce attorney in Connecticut can help you assess these factors and come to fair conclusion to your divorce.