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Things to consider if divorcing when older

On Behalf of | Sep 3, 2020 | Family Law & Divorce |

Back in the old days, being married for life did not sound so bad. If you got married in 1920, chances were your husband would die by the time he reached his early 50s. Or if he didn’t, you would.

The average life expectancy in the U.S. is now much higher, at almost 78 years. Once you have raised the kids, you may look around and realize you still have another 20 to 30 years left to live. As you look across at your husband, you may decide you are not prepared to spend it with him.

Before breaking the news to your husband that you want a divorce, make sure you do your homework. Here are some things to consider:

  • What will you do for healthcare? If your healthcare relies upon your husband’s employment, have a plan to ensure you get coverage of your own. Remember that some healthcare providers will refuse to take on new customers with specific existing conditions.
  • Where will you live? If you split your assets, can you afford two homes? If you have put years of love into creating your dream home, are you prepared to give it up?
  • Will you lose retirement benefits? Will divorcing cost you access to payments you were counting on to see you through your old age? Are you prepared to work longer to make up for any lost benefits?
  • What will the children think? Consider how divorce will affect your relationship with them. Or if it will affect your ability to spend time with your grandchildren.

As the year is 2020, not 1920, it may be that you are the one with a well-paying job. Maybe your house husband needs to worry about their financial future because they are dependent on you. Whatever your situation, seek legal advice to understand more about how divorce will affect your future.