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Special issues to know about going through a grey divorce

| May 26, 2021 | Blog, High Asset Divorce |

There has been a significant increase in the number of grey divorces in Florida. Many of these divorces are attributed to planned divorces after the children have been raised and a different stigma regarding divorce in this day and age. Regardless of the reason that you’re getting divorced, it’s advisable to try and avoid these common grey divorce mistakes.

Thinking your spouse will account for all assets

When a couple has been married for a long time, they tend to accumulate a lot of assets. In many of these grey divorces, one spouse typically took care of the finances and the other one was not overly privy to them. This can give the spouse that is privy to the information the ability to hide marital assets from the divorce. You should never just go along with an asset inventory list that your spouse made for your high-asset divorce. Rather, you want to create your own list and compare it to theirs to ensure that all of your assets are accounted for.

Not thinking about health insurance

If you’ve been underneath your spouse’s health insurance for your entire marriage, it can be easy to forget that you may not have it once you go through a divorce. You need to think about what your options are, especially if you’re under the age of 65 where you qualify for Medicare. You may find it necessary to opt for a legal separation so that you can keep your spouse’s health insurance for up to three years while you look for your own type of policy.

Grey divorces have many different challenges that most younger couples do not experience when they go through a divorce. The above are just two of the many different things that you need to keep in mind so that you don’t fall victim to these problems during your divorce. If you have any questions regarding any of these mistakes, you should seek legal help to ensure that your best interests are looked after.

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