Gray divorce or divorce after the age of 50 in Louisville continues to be on the rise. The Washington Post recently noted that the divorce rate for those over the age of 50 – often referred to as “Gray Divorce” – has more than doubled since 1990. Statistics show more than half of these marriages are the first marriage for each party, and the majority have lasted longer than 20 years.
If you are considering a gray divorce or divorce after the age of 50 in Jefferson County or Louisville it is important to look for an attorney with extensive experience and legal skill. Divorce cases for longer term marriages and parties above the age of 50 usually involve much more complex financial and legal issues.
Gray divorce or divorce after the age of 50 often includes business ownership, significant investments and assets as well as retirement accounts and other benefits. The State of Kentucky requires these marital assets to be equally divided between the parties. It is important to ensure that a fair and accurate valuation is achieved in order to protect fair community property division. The resulting disputes regarding valuation and division must be resolved before a gray divorce can be completed.
Maintenance will usually be structured differently in long term marriages. Maintenance will usually last much longer in these cases, often until a party remarries or has passed away. The amount of maintenance may be larger as the parties have become used to a quality lifestyle, and are in their prime earning years.
Most participants in a gray divorce case face significant changes in their life and associated lifestyle. The quality of your attorney will have a direct impact on the success of your case.
We invite you to review the strong recommendations of our former clients and contact us or call 502-584-1108 to schedule an appointment with one of our experienced divorce and family law attorneys.
