Mississippi Divorce Attorney Discusses Divorce for People at or Approaching Retirement Age

A decision to divorce can be made at any point after a couple marries. Some couples realize that they are not meant to be together forever after just a few short years of marriage. For other couples, the road to divorce is much longer. Some couples enjoy many years of marriage before problems develop that eventually lead them to divorce. Divorce later in life is different in some ways from divorce at a younger age, but in some ways it is the same. Perhaps the most important similarity is that it enables people to get out of marriages that are not working, so that they can move in directions that are better suited to their needs.

While child custody may take center stage as the major issue in the divorces of many younger couples, property distribution is often the core issue in divorces which involve older adults. When people are at or near retirement age, they are looking at a financial situation that revolves less around salaries and wages and more around pensions, retirement accounts, social security, and other assets. It can take a lot of work to figure out how an older couple can divide their debts and assets in a way that provides each of them with enough resources to live comfortably throughout their retirement. However, if your marriage is beyond repair, it is worth doing that work so that you can move on and enjoy your retirement.

A Mississippi Divorce Attorney can help you to understand your options for equitably dividing the property and assets that you and your spouse have accumulated during your marriage. Since Mississippi follows an equitable distribution theory of property division, the court is looking for a division of debts and assets that is fair, and not necessarily a fifty fifty split. Depending upon the nature and amount of assets that are involved in your divorce, you and your attorney may wish to have a financial planner help you understand what choices you have for distributing the various assets in your possession.

Other issues which may be involved in divorce at or near retirement age include disposition of the marital home and estate planning. Your Mississippi Divorce Attorney can help you to understand your options for each of these things, as well as the potential tax and long term consequences of each option. Your divorce is a major life decision, it is essential that you have all of the information that you need before you decide how to proceed. Your Mississippi Divorce Attorney can ensure that you have all of the information that you need to make choices that are right for you, and they can also help you to define your goals and pursue a resolution of your divorce case that will help you to meet those goals. To find out how Mississippi Divorce Attorney Matthew S. Poole can help you with your divorce, please call our office today, at (601) 573-7429 to schedule a free consultation.

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Mississippi Divorce Attorney Discusses Divorce for People at or Approaching Retirement Age
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Mississippi Divorce Attorney discusses later in life divorce cases.

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