The Impact Of Retirement In Separation And Divorce
In recent years, growing numbers of senior couples are choosing to end long-time unions. For such individuals, navigating financial issues arising from separation and divorce can be tricky — with long-lasting and significant impact. Careful planning is therefore critical.
Nathens, Siegel LLP is a boutique law firm in Toronto, Ontario, that practises exclusively in family law. Our lawyers have decades of experience and are also frequent speakers and writers on the latest in family law matters. We can provide reliable, customized advice designed to safeguard your interests in the remaining years following your separation or divorce.
Key Issues Arising In “Grey Divorce”
Younger ex-spouses usually have years left to earn income and recover financially from a separation or divorce. Older individuals may have little or no such opportunity remaining. Since lifestyles and income sources often change dramatically after retirement, accurate financial forecasting is important.
Our lawyers can help you understand your legal rights and the potential impact of your decisions involving separation and divorce. We work with actuaries and other financial experts for the most precise data possible for dividing family assets and determining support arrangements. We can advise you on such important questions as:
- How is the division of property best handled late in life?
- Does retirement end spousal support payments?
- Is an ex-spouse entitled to the other’s pension plan or CPP credits?
- Should a retirement investment be rolled over or collapsed?
- Should the matrimonial home be sold or bought out?
- What alternative methods can reduce time, costs, and litigation?
We realize the special needs you face as a senior ex-spouse and the financial interests you have at stake. Our lawyers are passionate about pursuing the best results possible for each client using the most cost-effective methods. We regularly navigate complex legal issues and can provide a customized solution based on the details of your unique situation.
Let Us Guide Your Through Late-Life Separation Or Divorce
Moving ahead with your future can start with an initial consultation. We will take the time to understand your needs and goals. We’ll explain your options and help you understand the process and key issues. Call us to book an appointment today at (416) 222-6980 ext. 2900 or email us via our online form.