Call 401-287-2079
To Reach Our Office

Some helpful considerations about re-marrying after retirement


Divorce is usually difficult for everyone involved, including the children of divorce. However, going through a divorce during or after retirement may be especially difficult for senior citizens.

Many people get married later in life. But, retiree divorces come with the additional emotional and financial turmoil related to ex-spouses and children from previous marriages. Although divorces may take their toll on minor children, retired people going through a divorce may have to deal with the unique problem of having adult children from their previous relationships.

A recent report estimated that the rate of divorce in cases of second and subsequent marriages is nearly 60 percent. The Center for Family and Marriage Research also claims that the rate of divorce doubled between 1990 and 2010. Adults who are planning to get married should be completely honest when it comes to their financial matters. Since it can be reasonably assumed that both spouses have substantial loans and mortgages by the age of retirement, assessing each other's financial situation is imperative. Retired parents might also want to leave money to their children in a will. All of this needs to be assessed.

Many people might want to keep their finances separate. In such cases, evaluating a spouse's credit score may be equally important. A prenuptial agreement has also become a popular option among retired people for the same reason. Although it is great when older people want to get married later in life, there are obviously a number of concerns for them to think about that might not be there for younger couples.

Source: USA Today, "Remarrying in retirement? Look before you leap", Rodney Brooks, May 20, 2014

No Comments

Leave a comment
Comment Information
Email Us For a Response

Tell Us About Your Situation

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Law Office of Steven J. Hirsch, Esq

Office Address :

100 Jefferson Boulevard Suite 315 Warwick, RI 02888 Phone: 401-287-2079 Fax: 401-352-0029 Warwick Law Office Map

Office Number :