Divorce is something no one wants to go through, but something that many people have to face at one time or another. Unfortunately for many, it happens later on in life, which can make matters even more complicated, and for a variety of reasons. Divorce later on in life is often colloquially referred to as “gray divorce,” and if you’re in the midst of one or are about to initiate one, there are several things you should understand. Please continue reading and speak with our experienced Los Angeles gray divorce attorneys to learn more about these divorces, what makes them different, and how our legal team can help you reach the best legal outcome possible. Here are some of the questions you may have:
What makes a gray divorce different from other divorces?
To start, late-life divorces are often more difficult because they often entail spouses getting divorced who’ve been together for a long time, making it, in some ways, a more emotional process. That said, gray divorce is different from other divorces primarily when it comes to dividing assets. For example, in many cases, spouses who’ve been married for many years will have jointly-held bank accounts and other assets. Additionally, these spouses will also have to worry about dividing retirement assets and alimony payments, as if they’re at an age where it’s impractical to return to work, they will need these payments to retain their standard of living.
What are the best ways to protect assets from a divorce?
There are various ways in which you can protect your hard-earned assets from a divorce, but the best way to protect assets is by drafting a prenuptial or postnuptial agreement. If you’re already married, though you can no longer draft a prenuptial agreement, you can still draft a postnuptial agreement. In this agreement, you can outline which assets go to which spouse in the event of a divorce. That said, if you’re getting divorced without any of these agreements in place, your best line of defense is a competent and aggressive Los Angeles divorce attorney in your corner. Our firm has significant experience handling late-life divorces and we can put that experience to work for you.
Contact our experienced Los Angeles firm
Divorce and family law issues are notoriously complicated and personal, which is why you must hire an attorney with years of experience, as well as the compassion and skill needed to handle these sensitive matters. For the qualified, dedicated legal representation you and your family deserve and need, contact Zitser Family Law Group, APC today.