Beth Barbosa: Family Law Attorney Negotiating Gray Divorce in Edina, MN
While the overall divorce rate in the United States has been on the decline in the last 20 years, there is one main demographic that has seen a spike in divorces: people over fifty. Amongst this demographic, the divorce rate has doubled. Many of these couples have been together for 20 years or more, and they face unique obstacles when going through the process of divorce. With limited time to recover from a divorce before retirement, a gray divorce can require even more strategic negotiation. However, if you have the right attorney, your divorce doesn’t need to be a knock-down, drag-out fight for assets. Beth Barbosa is a divorce attorney in Edina, Minnesota who believes in reaching a fair yet advantageous resolution for her clients. She will get to know you and your situation so she can tailor her process to your specific needs and goals. Beth has worked with many gray divorce clients, so she knows that every situation is different and requires personalized care.
The Cause of Gray Divorce
In the past, being in your fifties or sixties meant slowing down, retiring, and maybe even buying a rocking chair for your front porch. These days, seniors are enjoying many happy and healthy retirement years spent keeping active, connecting socially, and traveling. If you’re divorcing your spouse of many years, you’re likely ready to move on from your marriage and start living life for yourself. You may have realized that you and your spouse have drifted apart over the years and now have completely different interests. Maybe you have decided to act because you’ve realized that you and your spouse don’t share the same dreams for the future. You are not alone in these thoughts; many experts believe gray divorce is on the rise because many couples are acknowledging these same feelings after decades of marriage.
Beth Barbosa in edina, Minnesota can help you move past this stage of your life. Whether you believe your split will be amicable or rocky, you need a professional to help you navigate the proceedings from beginning to end. Beth believes in ensuring each spouse will move forward with dignity when everything is said and done, and she has satisfied clients from the past 20 years to prove it.
Protecting Your Assets During A Gray Divorce
Because you may not have as many earning years left as younger couples that are splitting up, it’s important to find an attorney who will not drag out the process by moving slowly. Beth Barbosa is the perfect advocate. She creates a personalized plan for your divorce and works diligently to ensure the process is as swift and painless as possible.
When you’re approaching retirement, you want to ensure you have your finances in order so you can maintain your current lifestyle. This means walking away from your divorce with assets that can bring you long-term financial stability. Beth always considers the big picture because she understands that this stability is a vital component to your fresh start.
Your home may be the biggest financial asset you share with your spouse. This can be tricky to navigate because of the sentimental value the home may hold to one or both spouses. In addition, it is an asset that can fluctuate in value considerably over a short period of time. Beth will use your home’s appraisal to help you identify how to best retain your financial cushion for the future, whether that means fighting to stay in the home, giving it up to your spouse in exchange for other assets, or selling it and distributing the profit between the two of you.
There are many additional unique considerations for spouses going through a gray divorce, such as social security benefits, retirement account and pensions, insurance, long-term care, and estate planning. More than anything, you need an experienced, no-nonsense attorney who will help guide you through this process. Beth Barbosa will walk you through all these considerations to ensure nothing slips through the cracks.