Divorce And Family Law Representation In Omaha, Nebraska

Gray divorce in Nebraska

The term “gray divorce” has become a way to refer to the rising phenomenon of older couples ending their marriages in their 50s, 60s and 70s. Certain legal issues are uniquely important in these divorces. Obviously, since children have grown up, the focus is on alimony and property division, especially of retirement accounts and interests in the family home.

The challenge for many couples in a gray divorce is that assets accumulated over decades to support one joint household in retirement now must be spread thinner to finance separate homes and living expenses for two single people. Even a wealthy spouse must carefully consider what his or her rights are in complex or unique assets that may be hard to value.

Why is divorce rising in the golden years?

Part of the answer is a change in societal values. The perceived sanctity of marriage that traditionally kept people married even after their spousal relationships had deteriorated has given way to new attitudes held by many that to stay in a bad or unhappy marriage is unhealthy and unnecessary.

After the children have started their own adult lives, some married couples realize that without the responsibility of raising their kids, they do not have the relationship they once had. The same realization may happen after both retire and suddenly have most of (too much of) their time together.

According to an article in Divorce Magazine, financial problems, infidelity and addiction in any form can also provide major impetus toward divorce in later years. In addition, more seniors are keeping active and healthy lifestyles, which may give more hope of still having time to make a new life outside of an unhappy marriage.

Legal issues

Any Nebraskan facing divorce later in life should consult a lawyer about complex financial issues involving division of retirement accounts like 401(k)s and pensions, real estate and homes and more. Other important issues include planning for eligibility for public benefits such as Medicaid and Medicare, health insurance and alimony (spousal support). In addition, professional advice about how to split marital debts can be crucial as well as thorough assessment of tax ramifications of the various options.

No Comments

Leave a comment
Comment Information

To discuss representation or learn more about Higgins Law, please call 402-933-7600.

Find Out How We Can Help You

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

Email Us For A Response

Higgins law

Higgins Law
209 South 19th Street
Douglas Building, Suite 440
Omaha, NE 68102

Phone: 402-933-7600
Fax: 402-933-9442
Omaha Law Office Map

Firm image

Have you worked with us? At Higgins Law we value your feedback.

Write us a Review