Skilled Guidance For New Jersey Gray Divorce
Last updated on August 12, 2024
When people get married, they rarely expect it to end in divorce, especially in their later years. Most believe their relationship will last forever. Unfortunately, this belief crumbles when they realize a divorce is on the horizon. Besides the emotional cost, divorce could put their hard-earned fortune at risk.
At Cipriano Law Offices, P.C., our team of New Jersey divorce lawyers help wealthy people in West Caldwell and communities throughout northern New Jersey consider their divorce options. For those who have long-lasting relationships and are close to retirement age, our attorneys have the experience and knowledge needed to give you an advantage in securing your wealth in a gray divorce to help allow you to pass it on to the next generation.
What Is Gray Divorce?
Gray divorce is a growing phenomenon where couples who have been married for two decades or more are getting divorced. This is particularly happening for people who are 50 years of age or older, often upending their retirement plans.
Gray divorce can occur for a number of reasons, such as growing emotional distance between spouses and adultery. Another common cause of gray divorce is “empty nester” syndrome, which is a form of grief that develops after children move out of their parents’ homes. If you are concerned about a gray divorce, a family law attorney can explain your legal options.
What Are The Difficulties Of Divorcing Over The Age Of 50?
For a high-income business owner or professional, a gray divorce can be particularly difficult because it involves many complicated considerations. The more assets couples acquire over the course of their marriage, the more there is to separate, which can lead to complexities during the property distribution process. Remember, in New Jersey, almost all marital assets acquired during the marriage are subject to division in divorce, even if only one spouse is directly responsible for earning or buying those valuables.
Because those who pursue gray divorce are close to retirement, they must consider the distribution of assets that will impact their stability in the years to come, such as retirement funds, Social Security benefits and health insurance. Alimony is also a major concern, as in New Jersey, a spouse may be eligible for permanent alimony when the marriage has lasted 20 years or more.
Why Our Full-Service Family Law Firm Is Right For You
Our family law attorneys take an aggressive yet compassionate approach to gray divorce. They work as a team, using their extensive knowledge, experience and understanding of family law. They will go the extra mile to help you obtain your divorce goals.
With an extensive background serving as high-asset divorce lawyers and economic mediators, our team of attorneys has the knowledge critical for the division of complex assets, such as business, vacation homes, investment properties, other real estate and international investment portfolios. We will work closely with you to tailor strategies that help you get the most out of your gray divorce, working to give you a better chance of maintaining financial stability and a high standard of living in the future.
Reach Out To Discuss Your Gray Divorce
To learn more about how we can help you achieve a gray divorce settlement that works in your favor, contact us to schedule a no-pressure initial consultation. Reach out to our West Caldwell office by sending us a message online or calling us at 973-852-3346. We can help you build a stable, post-divorce future.