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Grey Divorce Attorney in Beverly Hills, CA
If you are a resident of Beverly Hills, California, and are considering a divorce, the need for a seasoned Beverly Hills grey divorce lawyer could not be more important. With the trend of divorce among senior citizens on the rise, it is essential to hire someone who is familiar with complex issues associated with grey divorce: a divorce between two parties aged 50 or older.
What Is a Grey Divorce?
Grey divorce is a colloquial term that is being used to describe the divorce of spouses who are generally 50 years of age or older. It is a term that has been widely used more recently because of a sharp increase in divorce that has been seen in the older population in long-term marriages.
The key difference between these divorces and others is that there are often more complex financial, legal, and emotional concerns based on many years of history together. According to recent data, the number of grey divorces in the last 35 years has nearly doubled. Some research found that in recent years, 1 in 4 divorces were those of people aged 65 or older. Some common factors that affect this phenomenon include:
- Empty nest syndrome. The couple no longer has children in the home since the children have entered adulthood. Some couples drift apart when this happens.
- Retirement challenges. As some couples spend more time with each other during retirement, it can reveal incompatibilities that weren’t noticed before.
- Financial disputes. Some elderly couples disagree on retirement funds, savings, and spending habits.
- Personal reasons. Some older individuals desire other forms of fulfillment or growth that do not include their spouse.
Grey divorces often involve many important questions regarding property division, retirement assets, alimony, and medical issues. Therefore, if you are facing this difficult time in your life, do not hesitate to contact an experienced Beverly Hills grey divorce attorney who will take care of all of your needs. This might be the first time you’ve had to attend court at the Los Angeles County Superior Court–West District in Beverly Hills, and having proper support is essential.
What Makes Grey Divorce Different
Grey divorces typically have unique considerations that those in other divorces don’t necessarily have to think about. Some of these considerations include:
- Retirement accounts. Grey divorce couples have to take into account dividing assets, including those related to retirement. The division of assets in divorce can include retirement accounts and pensions, along with real estate and investment forms that need Qualified Domestic Relations Orders and detailed asset tracing.
- Spousal support. Because these couples are either outside of working age or very close to it, the court does not deem these individuals to be able to start a new career to support themselves. If one spouse is the primary breadwinner, they may be ordered to pay spousal support to the other.
- Insurance. Post-divorce financial planning becomes challenging due to healthcare needs from lost spousal insurance coverage.
- Emotional complexities. The experience of divorce during later stages of life intersects with retirement planning and involves changes in personal identities and adjustments to empty-nest living, along with personal transformation.
Hire a Grey Divorce Lawyer
Grey divorce is where the battle over alimony and property division can get especially fierce. Your future financial standing depends on careful decisions about asset division, including pensions and real estate, as well as fair spousal support arrangements. This is where it becomes essential to hire a grey divorce lawyer to help navigate these legal complexities.
Tamara Shari Benefield is a well-respected legal authority. A zealous advocate in the courtroom, she is also a compassionate advisor during emotional legal proceedings. She has been named one of the National Bar Association’s “Top 40 Attorneys Under 40” as well as an “Elite Advocate” by the American Institute of Legal Advocates.
Tamara Benefield helps clients all over Southern California obtain the representation they need in elderly divorce cases. Ms. Benefield’s approach combines proactive and strategic legal guidance with personalized service for those filing for divorce or responding to divorce petitions.
FAQs
What Is the Average Cost for a Divorce Lawyer in California?
There is no average cost for a divorce lawyer in California, as each lawyer will charge their own price based on their own geographic location and experience, and the cost will vary based on the specific details of the divorce. Typically, the more contested a divorce is, the higher the cost will be. If a divorce is complex and includes issues such as child support, custody, spousal support, and division of high-value assets, it will generally cost more.
What Are the Cons of a Grey Divorce?
The cons of a grey divorce include dividing assets, financial strain, mental and emotional fatigue, spousal support, and health or insurance issues. These divorces can lead to feelings of loneliness and isolation. It can also be stressful, especially if adult children are involved and take sides. There is often less time to financially recover from a grey divorce as well.
Who Initiates the Grey Divorce?
The grey divorce can be initiated by either spouse. However, it is sometimes believed that women initiate it more often due to changing societal norms, such as women no longer needing to rely on their husbands for financial support. Either way, spouses seeking a grey divorce are often looking for greater independence and personal growth.
Can a Grey Divorce Be Financially Devastating?
A grey divorce can be financially devastating, but it doesn’t have to be. For those going through a grey divorce, it is likely that they experience a decrease in their standard of living, as they split their income between two homes. The division of assets and retirement accounts reduces the capacity for long-term financial security.
Contact Benefield Faulk Law – Family Law Trial Advocates P.C. Today
If you are considering a grey divorce case, you deserve a lawyer who can fight for your future security. Benefield Faulk Law – Family Law Trial Advocates P.C. understands elderly divorce laws and can advocate on your behalf. Contact us today for more information.
