#senior divorce

[divorceiswar]

Men You Shouldn’t Date!

These are the guys you should forget about:

—Rebound Guy: He's always comparing you with his ex. Avoid him until he's healed;

—Disappearing Guy: If he always has excuses like "work's really busy"—there is usually something else going on. The giveaway is erratic contact;

—Slick Guy: If his life looks like a magazine spread (sports car, high-tech stuff) steer clear—he's hiding his insecurities;

—Rude Guy:  Always checking his blackberry, oogling other women when you're with him. Tell him to get lost;

—Grabby Guy: If his hands are all over you and he's making sexual innuendos—when you hardly know him. Get rid of him;

—Your ex: The fear of being single forever can make going back to an ex seem like a good idea. You shouldn't go backward in life.  Move forward. Don't waste your time a second time. You deserve better!

[divorceiswar]

Seniors Are Not Remarrying

Although Seniors can be committed in a new relationship, they are deciding not to remarry.

Living together like remarriage brings companionship and wider social circles, not to mention sexual intimacy, at a time when seniors may otherwise face isolation. And financially pooling resources in a single household often improves senior's economic stability, especially for women who are at a higher risk for poverty.

Romance is wonderful, especially for a "senior"—but marriage has to be thought out carefully. The financial implications are the most important thing to consider.  Living together without getting married may make the most sense. But if marriage is what you want, you have to have serious financial discussions before you take the step.

Proof of your income, assets, credit history, debts and other obligations have to be disclosed.  Estimates don't count. Full disclosure of credit history and debts is particularly important.  You don't want to be responsible for debts your spouse brings to the marriage—they can burden the marriage—but they also should alert you to careless spending.  In many states, spouses are responsible for each other's medical bills, including bills for long-term care.  "For richer, for poorer, in sickness and in health."

And don't even think of marriage without having a prenuptial agreement in place before the marriage.

But if  you make the decision to live together, ruling out marriage, you must have an agreement in place to protect you and your assets. A Pre-Prenuptial agreement would be the way to go. You MUST have an agreement in place before you do anything.

[divorceiswar]

Consequences of Senior Divorce

The divorce rate in the United States among people 50 or older has doubled since 1990, according to a study by the National Center for Family and Marriage Research at Bowling Green State University in Ohio. And as the American population steadily ages, grey divorces will keep rising. By 2030 it is estimated that 800,000 will occur annually.

Besides causing depression and dashing dreams, these senior divorces can sabotage retirement plans as assets are cut in half and expenses as a divorced single rise. There isn't enough time left to enhance portfolios post-divorce, so you have to be careful to get the best settlement you can. Some people may never recover. Newly divorcing couples are often stressed and depressed and often don't make the right decisions regarding settlement and the division of assets. Remember that divorce settlement mistakes will last for the rest of your life.

Downsizing your standard of living can be one of the results of a grey divorce. Living in a smaller home and taking fewer vacations or not being able to take the vacations you would like to take is often the result of the divorce. Not being able to shop, one of life's pleasures, or go out for an extravagant dinner...

Hiring a financial planner along with a good divorce lawyer can help you negotiate a better settlement. These planners can help divorcing couples navigate retirement plan laws, make cash-flow forecasts and maximize tax-free distributions. People often don't realize that alimony is taxable; and alimony can only be short-term. You need to think of a divorce as a business transaction.

Your life will definitely change. But on the positive side, if you were in an unhappy or abusive relationship, your life will change for the better.

The key is making sure the divorce doesn't turn into a war. Everyone loses when that happens. The only winners are the attorneys.

[divorceiswar]

Senior Divorce

Grey divorce is a growing trend.  Seniors are now realizing that here is no reason to stay in a long, bad marriage.  People live longer today, and the reality is that you might as well enjoy every minute of the time you have!  This gives more seniors reasons to get a divorce even after 30 or 50 years of marriage. There is no reason to spend the rest of your life in an unhappy marriage. Older men seldom ask for a divorce unless they have a potential replacement.  On the other hand, women who want a divorce late in life usually want the freedom from an unhappy marriage.

The divorce rate among people 50 and up doubled between 1990 and 2010, at a time when the rate for the general population was flat.  According to a study by the National Center for Family Marriage Research at Bowling Green State University of Ohio, as an age group, they accounted for about 25 percent of all 2010 divorces.

This willingness to end an unhappy marriage suggests that older couples today have more financial resources to fall back on. People usually won't take a big step like divorce unless they know that they will be okay financially. Women are also more apt to have a paycheck and 401(K)s.

How the property is divided depends on state laws and your personal negotiations. It is better to settle with your spouse, even if it's for less money than you want, than let a judge decide in court. Judge's usually give you much less than you really are entitled to.

You can also get spousal Social Security benefits if the marriage lasted at least ten years. It's not a lot of money, but every bit helps.

Life will definitely be different financially after a divorce, and women usually end up with much less.

Also read: http://www.preparefordivorce.com/2014/consequences-of-grey-divorce/

[familylawinphiladelphia]

What You Need to Know About Senior Divorce

Senior divorce, also known as ‘grey’ divorce is on the rise in the United States. The reasons range from an empty nest to simply having grown apart. Are you facing one? If you are, keep in mind a few points while navigating your grey divorce.

Let your children know - Although your kids no longer live with you and are pursuing their college degrees or their careers living on their own, they need to know about this very important decision that you have made in your life. Being frank about the reason for the same builds credibility.

Think about the house - Decide if you want to keep the house and continue living in it while you embark on a new journey in your life. If you have a personal attachment to the home, it might require a longer and more complex discussion with your spouse.

What about the household stuff? - The household items need to be divided if you are selling the house or moving out after the divorce. Who gets what is something that you need to work out with your spouse.

Retirement benefits, alimony, social security payments - The finances form an integral part of a senior divorce. You need to find out if you or your spouse is entitled to any retirement benefits or pension. Consider the possibility of alimony, although the kids are all grown-up and independent. Understand the impact of the divorce on social security payments as they are a significant source of income in your senior years.

Don’t Forget your Pet - Last but not least, decide who gets to keep your pet. Consider the financial aspects of it before giving in to your emotions.

Vetrano | Vetrano & Feinman LLC in King of Prussia is a top-rated law firm with outstanding divorce lawyers serving clients in Montgomery, Chester, Delaware, Philadelphia and all surrounding counties. Contact this highly-experienced team of lawyers if you are considering senior divorce.

About Vetrano | Vetrano and Feinman LLC

Vetrano|Vetrano & Feinman LLC is a top-rated law firm with outstanding divorce lawyers practicing family law in King of Prussia and serving clients in Montgomery, Chester, Delaware, Philadelphia and all surrounding counties.

Vetrano | Vetrano & Feinman LLC are dedicated divorce lawyers who practice in the courthouses of West Chester, Media, Norristown, Doylestown, Reading, Allentown, and Easton. Contact Vetrano the Pennsylvania divorce lawyers at 610-265-4441.

[divorceiswar]

Consequences of Grey Divorce

The divorce rate in the United States among people 50 or older has doubled since 1990, according to a study by the National Center for Family and Marriage Research at Bowling Green State University in Ohio. And as the American population steadily ages, grey divorces will keep rising. By 2030 it is estimated that 800,000 will occur annually.

Besides causing depression and dashing dreams, these senior divorces can sabotage retirement plans as assets are cut in half and expenses as a divorced single rise. There isn't enough time left to enhance portfolios post-divorce, so you have to be careful to get the best settlement you can. Some people may never recover. Newly divorcing couples are often stressed and depressed and often don't make the right decisions regarding settlement and the division of assets. Remember that divorce settlement mistakes will last for the rest of your life.

Downsizing your standard of living can be one of the results of a grey divorce. Living in a smaller home and taking fewer vacations or not being able to take the vacations you would like to take is often the result of the divorce. Not being able to shop, one of life's pleasures, or go out for an extravagant dinner...

Hiring a financial planner along with a good divorce lawyer can help you negotiate a better settlement. These planners can help divorcing couples navigate retirement plan laws, make cash-flow forecasts and maximize tax-free distributions. People often don't realize that alimony is taxable; and alimony can only be short-term. You need to think of a divorce as a business transaction.

Your life will definitely change. But on the positive side, if you were in an unhappy or abusive relationship, your life will change for the better.

The key is making sure the divorce doesn't turn into a war. Everyone loses when that happens. The only winners are the attorneys.

[divorceiswar]

A Baby or a Doggie

Have you ever wondered why playgrounds are so empty and dog runs are packed—a new report has the answer. More and more American women are foregoing motherhood and getting their maternal gratification by owning a small dog.

The business news site Quartz reported that data from the Centers for Disease Control shows that a big drop in the number of babies born to women ages 15 to 29 corresponds with a huge increase in the number of small dogs owned by young American women.

The report also says that women are not only having fewer children but are also getting married later. There are more single and unmarried women in their late 20's and 30's, which also happens to be the demographic that buys the most small dogs.

Many women would happily give up the sometimes unrewarding results of having children for a loving dog. A dog gives you unconditional love, something you don't always get from children. It's also less work and costs a lot less in the long run.

[divorceiswar]

Seniors Are Not Remarrying

Although Seniors can be committed in a new relationship, they are deciding not to remarry.

Living together like remarriage brings companionship and wider social circles, not to mention sexual intimacy, at a time when seniors may otherwise face isolation. And financially pooling resources in a single household often improves senior's economic stability, especially for women who are at a higher risk for poverty.

Romance is wonderful, especially for a "senior"—but marriage has to be thought out carefully. The financial implications are the most important thing to consider.  Living together without getting married may make the most sense. But if marriage is what you want, you have to have serious financial discussions before you take the step.

Proof of your income, assets, credit history, debts and other obligations have to be disclosed.  Estimates don't count. Full disclosure of credit history and debts is particularly important.  You don't want to be responsible for debts your spouse brings to the marriage—they can burden the marriage—but they also should alert you to careless spending.  In many states, spouses are responsible for each other's medical bills, including bills for long-term care.  "For richer, for poorer, in sickness and in health."

And don't even think of marriage without having a prenuptial agreement in place before the marriage.

But if  you make the decision to live together, ruling out marriage, you must have an agreement in place to protect you and your assets. A Pre-Prenuptial agreement would be the way to go. You MUST have an agreement in place before you do anything.