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Divorce and retirement

For some people, retirement can be challenging for a myriad of reasons. Sometimes, people have a hard time adjusting to their new daily schedule or simply miss working. However, there are additional problems that some people face which can make this transition even more complicated, such as divorce. Sometimes, people decide to end their marriage in anticipation of life changes that will occur once they stop working, while others may find themselves in divorce court because their spouse decided to file for a divorce once they stopped working. Regardless, we know that it is particularly important for those who have recently retired or plan to retire soon to approach divorce issues with care.

Retirement can affect your life in all sorts of ways and the same is true for divorce. After you stop working, your income may change as well as your daily habits and even the people you spend time with. As a result, you should take all factors into consideration when approaching the end of your marriage, such as the potential way that marital property will be split up, child support or alimony payments you may be responsible for, the way in which your retirement accounts could be affected, and any other relevant matters.

Splitting up with a spouse can be challenging and emotional, and the life changes may feel overwhelming if you also stopped working recently. However, you might be able to protect yourself financially and handle divorce issues better if you are prepared. In our family law section, you can go over more on ending a marriage.

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