If you have been married for a significant amount of time, you may not be aware of how much your assets are worth. Canny “Silver Splitters” will safe-guard their retirement by getting legal advice.
We have seen a steady increase over the last decade in the divorce rates of the over 60s and while this is the result of a few different factors, we have also during this time seen a simplification of the divorce process itself. Things such as making the process easy to start for those who aren’t represented and also being able to initiate a divorce petition online has meant that cases are being dealt with quicker and at a fraction of the cost.
While the administration side of a divorce has been made easier, the dividing of marital assets is where the process can become complicated, and where it is imperative that both sides seek legal advice. This is especially true for the older generation who are more likely to have been married for a significant amount of time and where careful consideration and advice is required in respect of the division of capital and pension assets to ensure these are shared fairly to meet each party’s needs in retirement.
It is important for those thinking of getting a divorce to make sure to take advice at the right time, and enter the process knowing what to expect and what you will want and need following the dissolution of the marriage. If you adopt a pragmatic and practical view of the proceedings and try not to get caught up in any unnecessary disputes it will be easier to deal with the divorce, amicably, and in a cost effective and efficient way.
For specialist advice on divorce proceedings, disputes between separated parents or any issues arising from separation, contact us for a free initial consultation.