When couples take their wedding vows in New Hampshire, they likely do so with the intention that they will spend the rest of their lives together. However, even after decades of marriage, people are choosing that the best choice for their lives is to seek a divorce. In fact, approximately a quarter of divorces involve people who are over the age of 50.
A divorce filing can often come as a shock that can lead to errors in judgment that can ultimately impact a person's financial security. For example, a person could choose to forgo assets such as a retirement account in favor of keeping the family home. Stuck with mortgage payments and paying for the maintenance of the house could become a financial hardship. Selling the house and downsizing may be the best option for many.
Some people may fall into a trap of believing that the person that they married is the same person they are divorcing. However, an estranged spouse may not have the same concern over his or her spouse's well-being while going through a divorce as he or she did during happier times in their marriage. As a result, making sure that all assets are divided before signing an agreement is a prudent decision.
Going through a divorce can be an emotionally draining endeavor. While the process can be filled with decisions that could ultimately impact a person's long-term financial stability, an experienced attorney can help those in New Hampshire have confidence in the decisions they make. Despite the emotional turmoil it could create, the decision to end a marriage can be the first step to a happier future.
Source: Forbes, "How To Survive Divorce After 50", Tania Brown, Sept. 29, 2016