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Grey divorce can present high asset challenges

If you are considering a divorce later in life, you may be encouraged to find out that it’s not too late to start over. Many Baby Boomers in Clinton Township and elsewhere in the country are ending their marriages – much more than in years past, states an article from TIME magazine. Divorce later in life is known as a “grey divorce.” As divorce becomes more acceptable and accessible to people of all ages, seniors who may have lived for years in unhappy marriages are realizing they can move on. At The Law Offices of Lorrie J. Zahodnic, P.C., we have experience handling the unique challenges you may face in a grey divorce.

What properties are subject to division in a divorce?

Deciding what to do about shared property can be one of the most divisive and stressful parts of getting a divorce. The situation is easier to handle with some form of guideline to follow, a mediator, or very good understanding of one another. Not everyone has these luxuries when dealing with property division arguments. However, there are still things that a couple can do to make the process go smoothly.

Decisions regarding pets can be difficult in a divorce

When facing a divorce, couples in Michigan have a seemingly endless list of issues with which to deal. From spousal support to property division, the range of topics is varied and complex. Within the realm of property division can fall many sub-topics as well. These can include a couple’s home, automobiles, vacation home, bank accounts, retirement accounts and even business assets. The need to determine what is marital property and what is non-marital property can also be a challenge at times and directly affect the ultimate settlement.

Third-party expertise can be helpful in a divorce

Couples in Michigan who experience a divorce are faced with numerous decisions and challenges during the process. The development of divorce settlements is rarely easy and can be complicated by issues surrounding property division, spousal support and more. The need to find ways to navigate through each topic and come to mutually acceptable agreements is something both spouses must work hard to do.

Prenuptial agreements protect in many situations

Michigan couples that have experienced or are experiencing a divorce understand the challenges and pain involved in the end of a marriage. No matter how prepared one may expect they can be, there is no true way to know all of the hurdles that could arise. Property division alone, for example, can raise dramatic issues unforeseen to that point.

Lorrie J. Zahodnic

"I will hold you up until you can stand on your own two feet."

Lorrie J. Zahodnic, P.C. has provided skilled and compassionate legal guidance to Michiganders in family law matters for over 20 years.

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