How Do Long-Term Marriages (20+ Years) Affect Divorce Settlements in Long Island in 2025?
Divorce Settlements for Long-Term Marriages in Long Island Divorces after long-term marriages—especially those lasting 20 years or more—can be complex, with more significant financial and emotional stakes. Long Island divorce courts often recognize the unique challenges faced by spouses in long-term marriages, and the division of assets and liabilities is handled differently compared to shorter marriages. Key considerations include: 1. Spousal Support: In longer marriages, spousal support (alimony) is more likely to be awarded for an extended period, and in some cases, for life. 2. Asset Division: Property acquired during the marriage is generally subject to equitable distribution, meaning it will be divided fairly, but not necessarily equally. Long-term marriages often lead to more complicated asset divisions due to the accumulation of wealth and property over the years. 3. Retirement Benefits: Pensions, 401(k)s, and other retirement accounts become critical considerations in a long-term divorce. Each spouse may have a right to a portion of the other’s retirement benefits. If you’re in a long-term marriage and are considering divorce, Todd Zimmer Law & Associates can help you navigate these complexities and ensure you receive a fair settlement.
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