Divorce can be devastating. Not only can it wreak havoc on your emotions and self-esteem, it can also wreak havoc on your financial well-being. Alimony provides you with the opportunity to receive monthly payments from your ex. The amount of support you'll receive will depend on how long you were married and which state you resided in at the time of the divorce. In Florida, if you've been married longer than 17 years, you may be entitled to permanent spousal support, meaning you'll receive monthly payments from your ex for the rest of your life.
Divorce can be a painful and overwhelming process, no matter how old you are or how long you have been married. However, if you are divorcing later in life after being married for a long time, there are some unique circumstances you need to consider. Here are some things to remember when you are divorcing in your golden years. You Can Still Collect Social Security Income is often a difficult thing to deal with when you divorce later in life after not having been employed for a long time.
Even though a prenuptial agreement is a logical way to keep your personal assets and finances protected from the usual binding laws of marriage, don't be surprised if bringing the idea up to your soon-to-be husband or wife gives them a small inkling of doubt. Because a prenup clearly outlines what would happen financially in a divorce, some partners may feel like your desire to have one is just a looming cloud of doubt in your mind about whether or not the relationship will even last.
Hello. My name is Stephanie Laurel. I have recently been through a divorce, and although I don’t wish it on anyone, I do wish that everyone could come out of the proceedings feeling they have been taken care of. My husband and I had been married twenty-eight years. We have four children, two of which are still under eighteen years of age. We owned the home we lived in and had a vacation home in a different state. We are civilized people, we get along fairly well considering, but no matter how much we thought we could go through the divorce process without lawyers, it wasn't possible. We each hired a divorce attorney to represent us. Most of the negotiations went well, but when we hit a rough spot the attorneys took over. Thank goodness. I’m going to share more about the experience and hope it helps you.