Secure Your Future With a Trusted Grey Divorce Lawyer for Complex Separations After 50

Texas treats marriage assets as community property, which means they need to be divided fairly (not always equally). In a grey divorce, the division of property becomes even more difficult because they have been held by both spouses for a long time.

When one spouse is financially dependent on the other, maintaining stability is possible through spousal support. In divorces after 50, factors like marriage length, income disparity, and lifestyle play key roles in determining spousal support.

Divorce at an older age can also mean losing coverage applicable under a spouse’s insurance plan. While COBRA may offer temporary continuation (36 months), exploring alternative, long-term coverage options is crucial.

Divorce after 50 often requires revising your estate plan. Wills, trusts, and beneficiary designations must be updated according to your new circumstances. Without this, Texas intestacy laws will distribute assets as you wouldn’t have preferred.

In a grey divorce, dividing retirement accounts like 401(k)s and IRAs can be complex. These assets often require careful handling to avoid tax penalties or early withdrawal fees, which is where a gray divorce attorney can help.

Like in the case of assets, debts also accumulate during the marriage, including credit cards, mortgages, and loans, which must be divided fairly among spouses. In divorces over 50, it is important to ensure that only shared debts are divided.