Best Ways to Navigate a Late-in-Life Divorce
Divorce is never easy, but couples over 50 who end their marriages face particular hurdles. Horack Talley family law attorney Beth Hodges discusses the impact of divorce on older adults, especially women who have been out of the workforce with Next Avenue's Claire Zulkey.
Re-entering the workforce can be more even more challenging than they expect. Hodges advises looking into getting advice from financial and career counselors to consider your options for long- and short-term planning post-divorce. The input of those experts can be helpful when negotiating the amount of alimony and property settlement.
“Sometimes when we’re negotiating, I have a client who wants to get her degree to increase her earning capacity. We’ll find out what the cost would be to go back to school and get statistics on what type of income my client can expect to receive once she finishes,” which then gets figured into the settlement package, so the main breadwinner will pay for her education instead of alimony.
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