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Due to a variety of factors, more senior citizens are choosing to get divorced rather than live out their golden years in an unhappy marriage. While many are embracing their newfound freedom, many older women are discovering that getting divorced later in life can have serious financial consequences, especially if you go without the guidance of a skilled divorce attorney who understands the unique issues you face.

Divorcing Later Makes Life Harder for Women

divorce attorney Many women in the Baby Boomer generation worked in the home, raising the children and housekeeping while spouses worked. Unfortunately, this leaves many without the job skills to compete in the modern economy and unable to find employment which offers the level of income and benefits they need to pay the increasing health care costs associated with aging. In general, women also prefer to keep the marital home and may trade away their interests in retirement accounts and other valuable assets, making it more difficult to retire.

On average, women who divorce at age 50 are 10% more likely to be working full-time into their 70s than those who divorced at age 30 and are also likelier to live in poverty than their former spouses. One study found that 27% of women who divorced in their 50s were below the poverty line, compared to only 11% for men.

How a Divorce Attorney Can Help

If you’re filing in your golden years, the structure of your settlement agreement can have a dramatic impact on the rest of your life. An experienced divorce attorney with specific experience working with people in your situation can help you avoid common mistakes and ensure your rights are protected.


 

If you need a divorce attorney, O'Connor, Mikita & Davidson LLC is a team of Cincinnati, OH, lawyers with over 20 years of experience providing high-quality legal guidance and compassionate service to clients seeking to dissolve their marriages. Call their offices at (513) 793-5279 today to schedule a consultation or visit their website to find your nearest location.

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