Couples Who Divorce at a Later Age May Have More Financial Challenges

When a couple divorces during their golden years, it may be harder for them financially speaking. Here are some things to consider when navigating a divorce becomes a crucial part of your retirement.

You should hire legal professionals to determine the value of your assets and viable income streams. Also, one should consider moving out of the marital house, because moving to a smaller dwelling might actually be cheaper and a better option in the long run, Texas family law attorney Janice Green said.

One should also plan for retirement, especially since there are fewer years for earning money. Also, update contributions to retirement accounts and put more money into savings accounts. Healthcare should also be a priority and at the top of the list for people divorcing at a late age. Figure out how to pay for health insurance since a person with no health insurance can face problems later.

Our divorce lawyers at Alexander & Associates provide legal services for our clients in Denton and other areas of Texas. We have handled a wide variety of family law matters and can help you through issues such as child support, child custody, and divorce, among others. Call our offices today at (972) 420-6560 to discuss your situation.