When a couple who is over the age of 50 gets divorced, it is colloquially known as “gray divorce.” In recent years, gray divorce has become more and more common throughout the United States, and for a multitude of reasons. Unfortunately, gray divorces often come with a unique set of issues, and if you are about to enter one, you most likely have a lot on your mind. To learn more about gray divorce in Texas and what you can expect, continue reading and reach out to our experienced The Woodlands, Texas divorce lawyer.
What are the most common gray divorce issues?
When spouses seek divorce after spending many years together, certain issues may arise. The following are the most common obstacles that spouses who are divorcing later in life may face:
- Dividing marital property: Dividing marital property is frequently more complex in gray divorces, as often, assets, such as those held in bank accounts, are commingled when a couple has been together for years. This can make it more challenging to determine who is entitled to certain property.
- Figuring out whether a new life insurance policy is needed.
- Dividing pension plans or other retirement accounts.
- Medicare or other health insurance issues.
With so much on the line, it is paramount that you don’t proceed without competent legal representation on your side. If you and your former spouse can’t agree on the terms of your divorce and you do not have a prenuptial or postnuptial agreement in place, we can fight for you through every step of the litigation process. If you believe you can reach a compromise through mediation, we are also here to help. No matter your circumstances, you can rely on us. Give us a call today so we can get started.
Contact Our The Woodlands, Texas Firm
If you are looking for an expert Montgomery County divorce lawyer, Bolton Law is the right law firm for you. Bolton Law’s legal team handles all family law matters, including divorce, child custody, child support, spousal maintenance, and much more. Contact Bolton Law today to schedule your initial consultation.