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San Diego Family LawJames D. Scott, Certified Family Law Specialist in San Diego specializing in divorce mediation and high profile, high net worth divorces. Several Complications Can Arise for Those Who Divorce After 50When people think of divorces that are extremely complicated and difficult to complete, most consider families that are relatively young and who have children of the marriage where custody and child support will need to be decided. While these divorces are obviously difficult for everyone involved, recent news of a spike in the divorce rate for those over 50 has prompted many to begin to explain the complications that can arise for those who are of this age and who decide to end their marriages. In short, divorces for people of this age can also be extremely complicated. Specifically, there are different types of assets that will need to be divided in order for the property division aspect of a California divorce to be completed properly. This is particularly complicated for California residents who must adhere to community property laws. The most common complication that arises involves retirement funds, as people who are over 50 tend to have substantial worth tied into those types of accounts and assets. In addition to retirement accounts, health and life insurance policies, coverage, payments and even beneficiary identities can become difficult issues to handle for spouses who have reached this stage of their lives. New coverage can be extremely difficult to obtain for some, and the premiums can become very costly even if coverage can be obtained for others. Finally, there are often several complicated estate planning issues that arise when a people who are 50 or older pursue a divorce. San Diego Divorce AttorneysUltimately, no California divorce could be described as easy or simple, regardless of the ages of the spouses when they decide to take this difficult step. Those who are facing this situation should make sure to seek immediate professional help so that they can have their legal rights and interests protected. If you are facing the possibility of ending your marriage, you need to seek the help of San Diego divorce attorneys who have helped countless clients emerge from this process properly such that they were able to resume their lives with a renewed sense of happiness. Contact the law offices of James D. Scott today to schedule an initial consultation. |
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