Episode 19: Silver Divorces with Christina Previte.
Bridgett and Colleen were shocked by statistics showing couples over 50 divorcing (also known also as Grey Divorces) at an increased rate in comparison to other age demographics. Is the increase because we are living longer? Lifespan and health spans increasing? Loss of connection after the children leave the house? Money? We were unsure so we decided to talk to an expert.
Christina Previte is the CEO and Co-Founder of NJ Divorce Solutions, a law firm located in New Jersey which is dedicated solely to divorce and family law matters. Christina has a special interest in women’s empowerment and strives to help every woman overcome her fears to live her best and happiest life. Christina is the co-host of the Divorce Happy Hour podcast which addresses everything you need to know about divorce in New Jersey. Christina also hosts the Wake Up Call podcast, interviewing people from all walks of who are overcoming their fears and forging their own path in life. Find them wherever you listen to podcasts.
Our conversation with Christina covered many reasons why Silver Divorces are different. College expenses are not always included in these divorces which can cause one spouse to have an unexpected and unplanned financial burden. Retirement income needs to be evaluated for possible tax consequences of withdrawing assets early. Social security implications are federally based but entitlement to them needs to be examined.
Many couples drift apart after the children leave the house. In those instances, one party may be initiating the divorce to the dismay of the other. These contentious divorces are painful for all family members, expensive to have attorneys representing both parties and dragged out for too long. Christina tries to explain the ramification of a delayed process and will often have parties mediate to save time and money.
It is also important that an estate planner and/or forensic accountant review the assets for the settlement to make sure both parties are aware of what they are entitled.
We are living longer and there less of a stigma of single older adults so these numbers may not be decreasing anytime soon. See Midlife Articles Grey Divorces: Its Reasons and Its Implications.
Please be advised Christina Previte and Hot Flashes & Cool Topics are not offering legal advice on this episode. We are discussing issues surround Silver Divorces with Christina Previte. If you want legal advice regarding a divorce, please go to a local attorney to understand the laws that will apply in your state.
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Christina Previte’s Blog: www.CentralJerseyFamilyLaw.com
Divorce Blog: www.PowerThroughDivorce.com
Divorce podcast is at www.DivorceHappyHour.com
Christina Previte, Esq.
CEO + Co-Owner
NJ Divorce Solutions (Previte Nachlinger PC)
510 Thornall Street, Suite 270
Edison, New Jersey 08837
732.529.6937 Phone
732.909.2701 Fax