Cape Cod is unique in many ways. Not only is it the place of lighthouses and beaches, but most of its residents earn a higher-than-average income and are in white-collar professions. What’s more, unlike many other places, such as Boston, where the average age of residents is somewhere between 25-35, the average age of those living in Cape Cod is 54. As such, if you’re a Cape Cod resident who’s seeking a divorce, chances are that it’s a grey–or greying–divorce. A grey divorce refers to a divorce that involves a couple who is slightly older, and usually one where children of the couple are grown.
If you’re filing for a grey divorce in Cape Cod, it’s important that you partner with an attorney who understands the unique issues you may face and can offer you skilled support and guidance along the way.
Navigating Your Grey Divorce on Cape Cod
When a couple decides to divorce in their 50s, 60s, or beyond, they will face issues that many younger couples may not, as well as avoid disputes common of younger couples–such as determination of child custody–when reaching a divorce settlement. Some of the most contentious elements of a grey divorce include:
- Alimony/spousal support. It’s not unusual for a party to a divorce to seek spousal support benefits, also known as alimony, especially when the couple has been married for decades. If a marriage has lasted for 20 years, the court can award alimony for as long as the judge thinks is fair, which could be indefinitely. Note that many Cape Cod divorces involve high-asset marriages, which may result in large alimony awards.
- Division of assets and retirement accounts. It’s not uncommon for Cape Cod residents to accumulate a large value of assets and savings over the years in the form of real estate, property, personal items, investments, retirement savings, and more. At the time of a divorce, how these assets and retirement accounts will be divided can be difficult to navigate. The law requires that all marital assets be divided in a manner that is equitable, which may mean that a spouse is entitled to a fair share of another’s retirement benefits.
- Health insurance and Social Security benefits. For those who are aging, ensuring that health insurance is in place and that Social Security benefits are received can be critical. When a couple divorces, though, how each benefit type will operate can be confusing. Even after divorce, one spouse may be entitled to benefits from the other’s Social Security record, and health insurance may be kept temporarily, too. Attorney Heather M. Ward can explain to you the details of each and how to protect your best interests.
Reach Out to Heather Ward Law Today
Divorce is difficult at any time, and may be especially complex if you have spent decades of your life with your partner before deciding to call it quits. At the office of Heather Ward Law, our experienced Cape Cod divorce lawyer has represented clients in a wide array of divorce case types, including grey divorce. To learn more about your rights and how Attorney Heather M. Ward can help you, reach out to our law firm online or by phone at (617) 903-8955 today.