High asset divorce and other issues for those who are middle-aged

On behalf of Stange Law Firm, PC posted in High Asset Divorce on Tuesday, January 19, 2016.

In Missouri and beyond, the number of marriages ending in divorce after 20 or more years seems to be on the rise. This means that many who divorce after long-term marriages may be age 50 or older when they initiate court proceedings. A high asset divorce may present some complex legal challenges when a person has been married for decades before filing.

Reportedly, overall divorce rates have decreased while those of the 50 and older crowd have become more frequent. By one estimate, one fourth of all divorces in the United States over the past two decades have involved those who are age 50 or beyond. The issues that a person in this age range may face during these proceedings may vary from those common to younger generations.

Some suggest there may be positive aspects associated with divorce after age 50. An ability to gain financial independence and to achieve the freedom to be and act as one chooses without the need to adapt to a spouse’s demands or interests are seen as potential benefits. Though the process is seldom easy, a positive outcome may be attainable and will likely be made easier by seeking assistance from an experienced professional in the matter.

Missouri spouses who have concerns about a high asset divorce that is ending after decades of togetherness may seek advice by contacting a family law attorney in the area. Understanding the law and taking advantage of resources that help one make informed decisions is typically a means toward achieving one’s goals. A first logical step to take in the process would be to discuss the situation with an experienced divorce attorney.

Source: The Huffington Post, “Navigating The 3 Stages Of Divorce After 50“, Barry Gold, Jan. 18, 2016

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