Law Offices of Harris & Literski
810-626-3281
866-413-1606
Menu Contact

As a full-service firm, we offer skilled representation in the following areas:

Legal Services

Divorce among older couples often requires family law guidance

At the start of the marriage, most Michigan couples assume that they will live happily ever after. However, as these same couples raise their families and spend their time planning for their future retirement, they begin to realize that their version of happily ever after may not include a future with their current spouse. As couples approach retirement age, the decisions to divorce can have a lasting impact on their financial future. With this in mind, consulting with an experienced family law attorney is often in the individual's best interest.

Research indicates that divorce among couples over the age of 50 is on the rise. In fact, this number has almost doubled in the past 20 years. Additionally, divorce among those over the age of 65 has almost tripled during the same time period. A significant number of older couples are deciding that growing old alone is preferable to remaining in an unhappy marriage.

Financial concerns are a primary consideration when considering divorce as one approaches retirement age. While it may appear that the couple has significant assets, these assets will now need to be divided and used to fund two households rather than one. The majority of these assets are likely held in the form of retirement accounts and pension plans. How these assets are divided can have a significant impact upon each individual's financial future.

Property division plays a vital role in the majority of family law matters. As the Michigan couple considers divorce, how these various assets will be divided is an important consideration. An experienced attorney can guide the individual in making sure that each item is considered and properly transferred to minimize taxes and penalties.

Source: The Washington Post, "A 'gray divorce' can devastate your retirement plans. Here's how.", Michelle Singletary, March 26, 2018

No Comments

Leave a comment
Comment Information

Law Offices of Harris & Literski
123 Brighton Lake Road, Suite 205
Brighton, MI 48116

Toll Free: 866-413-1606
Phone: 810-626-3281
Fax: 810-229-4764
Brighton Law Office Map

Review Us
Get In Touch

Questions Welcomed Free Initial Consultation

Tell Us About Your Personal Legal Matter

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy