Later life divorce is becoming more common as people take a less traditional approach to aging. While parting ways with a spouse and starting a new, single life can be difficult at any age, it can be especially hard for mature individuals who are also facing the challenges of their senior years.
Managing your money is one of the first things to look at after your later-life divorce in Virginia. When you have a measure of financial stability, you can focus on thriving in your new post-divorce life.
Social Security benefits can be helpful when it comes to financial recovery after divorce. If your marriage lasted at least 10 years, you may be eligible to receive Social Security benefits on your ex-spouse’s work record, as long as you meet the age requirements and other specifications required in Virginia.
To bring more money into your household after a later life divorce in Virginia, you can seek income from multiple sources. That doesn’t necessarily mean getting a night job; many older people have valuable experience and talents that can lead to side businesses or at-home work.
You’ll also need to be a good planner when it comes to managing your money. If you haven’t already, you should start budgeting and planning where your money is going to go.
Your later life divorce in Virginia may bring you some challenges, but with good planning, you can find ways to manage your money and rebuild your life.
Contacting a Virginia Divorce Attorney
Throughout your divorce proceedings, you’ll naturally have a lot of questions specific to your circumstances. Get your questions answered by requesting one of our FREE divorce guides for women, or reserving your seat at our monthly divorce seminar – 757-425-5200.
The Virginia divorce attorneys at Hofheimer Family Law Firm are committed to fighting for your rights, assisting in child custody disputes, and advocating that you receive everything you are entitled to and need in order to start your new life.