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Texas seniors can face unique divorce issues

Friday, September 22, 2017

It is well-understood that divorce is one of the most emotionally trying experiences one can face, second only to the loss of a loved one. However, Texas seniors facing the possibility of a late-life separation can be faced with divorce issues unique to their age bracket. These issues have the capacity to make the transition even more challenging than it may be for a younger couple.

After a comparatively long life together, it is likely that a couple of senior age will have accrued considerable assets together, possibly including 401(K), pension plans and other savings. Division of assets is always more challenging when more relative value is ascribed to them, which can weigh heavily on an elderly person. This is particularly true of wives in this scenario, who may find themselves at a financial disadvantage due to the past prevalence of the so-called stay-at-home mother.

When late-life concerns are factored into the equation, it can be daunting for seniors to face the financial realities associated with setting up a post-divorce household. Quite often, the expense for each spouse is uneven, sometimes due to illness or other age-related special needs. It may benefit both spouses to seek out support and advice in determining how best to deal with the 'nuts and bolts' of divorce before entering the process. While this is true of anyone, it can be of particular benefit to senior citizens.

Divorce issues can be difficult for people of any age, as Texas residents can attest. However, seeking a divorce late in life can be even more emotionally trying for seniors who choose this path. Ultimately, with the proper support, a late-life divorce can be a very positive decision for both parties involved, as it may allow them the opportunity to make the most of their golden years.

Source: chron.com, Divorcing seniors face unique challenges, No author, Jan. 13, 2014

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