The divorce rate among couples who are over 50 has been rising in the past few decades. On top of the emotional difficulty of divorcing later in life, there’s often a profound financial impact. This is especially true when dealing with retirement. If it looks like you may be headed towards a “gray divorce”, be sure to consult with an experienced divorce attorney. Here’s what you need to know about divorcing in retirement.
Permanent alimony is generally granted after a long-term marriage (over 17 years). In Florida, the court merely requires that an award of permanent alimony is more likely than not to be appropriate. The amount can vary dramatically, but you should expect alimony to be a factor when divorcing in your senior years. Work with a reputable divorce lawyer to ensure alimony is awarded fairly in your case.