If you and your spouse have decided to go your separate ways later in life and after many years of marriage, then you are entering what is known as a gray divorce. Read on if you are over the age of 50 and filing for divorce to see how a seasoned Peoria divorce lawyer or Pekin divorce lawyer of Butler, Giraudo & Meister, P.C., can prepare you for what to expect.
What are the most common gray divorce issues in Peoria County?
At a certain age, you may be facing unique issues during your divorce proceedings. Specifically, the following are the most common issues that arise in a gray divorce:
- You and your spouse must work through how to divide your pension plans or your other retirement accounts.
- You and your spouse must work through whether an updated life insurance policy is needed.
- You and your spouse must work through whether inheritance plans can be divided.
- You and your spouse must negotiate child support if your child is receiving a college education.
- You and your spouse must negotiate alimony duration, frequency, and amount.
- You and your spouse must negotiate alimony if one is collecting social security checks from the other’s earnings.
- You and your spouse must work through deciphering between your marital property vs. separate property.
How can mediation help a gray divorce in Pekin County?
Mediation is always a divorce option that comes with great benefits. But this is especially the case for couples who are looking into a gray divorce.
For example, divorce through litigation can be costly with the legal fees and other associated. If you and your spouse are entering retirement or are already retired, you likely need to save your money. You can protect your retirement savings with mediation.
Additionally, divorce through litigation can be a stressful process. If you and your spouse are still supporting your adult children, caring for your aging parents, etc., you likely do not want any more stress in your life. You can accomplish an amicable divorce with mediation.
And lastly, divorce through litigation can take years depending on the Illinois court’s schedule. If you do not want to waste precious time in the courtroom, you can work within a quicker timeframe with mediation.
If you can relate to any of the above statements, it is in your best interest to contact a talented Tazewell County family law attorney as soon as you can.
Contact Our Experienced Illinois Firm
Contact Butler, Giraudo & Meister, P.C., today for effective and compassionate legal counsel for the following legal matters: divorce, alimony, division of marital assets, child custody, and child support.