What Impact Do “Gray Divorces” (Divorces Among Older Couples) Have in Long Island in 2025?
Navigating “Gray Divorce” on Long Island in 2025
“Gray divorce,” referring to divorces among couples over the age of 50, has become more common in recent years, and Long Island is no exception. Divorcing later in life presents unique challenges and considerations that require careful planning.
Key factors in gray divorce include:
1. Asset Distribution: Couples divorcing later in life often have more assets, including retirement savings, real estate, and business interests, which must be divided equitably.
2. Retirement Benefits: One of the most important considerations is how retirement accounts like pensions, 401(k)s, and Social Security benefits will be divided.
3. Health Insurance: Divorce after 50 can affect healthcare coverage, especially if one spouse is relying on the other’s employer-sponsored insurance. It’s important to assess your healthcare needs post-divorce.
At Todd Zimmer Law & Associates, we have the experience to help you navigate the complexities of gray divorce, ensuring that you can move forward with a fair and secure financial future and protect your health care needs.
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