Getting divorced is never easy, no matter how old you are. There are a lot of things to consider when getting divorced late in life and I always make sure to inform my clients so there are no surprises.
Queens, NY (PRWEB) May 31, 2015
“Getting divorced is never easy, no matter how old you are,” says Bruce Feinstein, Esq., a Queens divorce and family law attorney with almost 20 years experience. “My senior clients are no exception. There are a lot of things to consider when getting divorced late in life and I always make sure to inform my clients so there are no surprises.”
In an April 24, 2015 US News article they list many things to know about divorcing during your senior years including “not dating before the divorce is final” and “being amicable”. Queens divorce attorney Bruce Feinstein, Esq. has seen it all and recommends seniors consider the not just the emotional, but the practical side of senior divorce.
“There are three things that are a top concern to my senior clients: Retirement; Alimony; and retaining the marital residence.”
Long-term marriage divorce can differ greatly from younger couple’s divorce. While retirement funds for younger couples can be distributed based on many factors, participants in long-term marriages will generally see their retirement funds cut in half after a divorce. While alimony for younger couples is usually short-term to allow lower-earning spouses time to get back on their feet, New York courts will typically order alimony for life during divorces for long-term marriage. Lastly, if you’re dead set on keeping the house, keep in mind that unless you have the funds to buy your ex out, your spouse is going to get something in return.
Bruce Feinstein, Esq. shares three pieces of advice to all of his senior clients, “When considering divorcing your spouse later in life, there is a lot to consider. If you’re in the position to pay alimony, it may be for life. If you have retirement funds, they are likely to be cut in half. And lastly, if you intend to keep the house, remember that you’re likely going to have to give something up in return.”
The Law Offices of Bruce Feinstein, Esq. has nearly two decades of experience in divorce and family law, helping clients and families resolve their issues and move forward with their lives. Visit feinsteindivorcelaw.com for more information or call (718) 475-6039 to reach the New York office.