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How do you get on your feet after a grey divorce?

| May 28, 2021 | Blog, Divorce

Going through divorce proves a struggle for anyone. Each couple faces their own unique hurdles, too. For example, as a grey divorcee, you will likely struggle more with financial matters than a younger couple.

But what can you do to get yourself back on your feet, then? How can you help yourself get through the struggles of divorce and continue your life?

Handling retirement

Forbes looks at some of the challenges grey divorcees may have to face. Many have to do with finances, as mentioned. For example, you have likely accumulated many assets over the years. This means the process of dividing them could take quite a while, especially if it is a contested divorce.

On top of that, you are also closer to retirement age. Perhaps you have already retired. Maybe you tapped out of your career years ago in order to raise your family instead. Whatever the case, you have less time to make up for monetary or benefit loss.

Helping yourself recover

Fortunately, there are ways you can help yourself. First, focus on alimony. Spousal support payments allow you to keep up with your current lifestyle. But alimony payments can change and do not last forever. Thus, you also want to focus on rebuilding your assets.

You may want to return to the workforce, which can pose an issue if you do not have recent job experience. Consider looking into the possibility of receiving money from your spouse to help cover the cost of schooling, which can help you apply and land jobs.

As usual, this is difficult for individuals to navigate alone. Thus, if you want to take a look at your possibilities, consider contacting legal help for more information.

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