Why Finances Can Make Gray Divorces Unique in New Jersey

January 23, 2024

Gray divorces, which are splits among couples 55 and older, present unique challenges in New Jersey. In fact, gray divorces reshape the traditional narrative of separation.

One distinctive aspect of gray divorces is the financial dynamics of long-term marriages.

Long-Term Financial Entanglements

People who have been married for a long time usually develop extensive financial entanglements with one another. In New Jersey, dividing assets can become particularly complex. This is the case when couples have jointly owned properties, retirement accounts, and investments.

Equitable distribution can ensure fair outcomes for both parties. However, the process can be more intricate compared to divorces involving younger couples with fewer financial ties to each other.

Impact on Retirement Plans

Another noteworthy aspect is the significant impact gray divorce can have on retirement plans. The equitable distribution of pension plans, 401(k)s, and other retirement funds requires careful consideration to maintain financial stability for both spouses in their post-divorce lives.

Social Security benefits add another layer of complexity. Understanding the rules surrounding spousal benefits and the potential impact on individual benefits is also necessary for divorcing couples in New Jersey, especially since it can significantly influence their financial well-being during retirement.

Navigating these complexities requires a thorough understanding of New Jersey’s legal landscape. It also requires a strategic approach to ensure a fair and equitable resolution for both parties.

By Alexandra “Lexie” Rigden

Alexandra “Lexie” Rigden understands that family law clients face unique challenges mentally, emotionally, and financially. Rigden Lieberman, LLC handles all stages of family law litigation, including trials, emergency court motions, as well as pre and post judgment applications. Every case is different, and Lexie Rigden & Ronald G. Lieberman will work to achieve the best outcome for clients whether it involves litigation or settlement. Request a consultation to discuss your case further.

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714 E. Main Street, 1B
Moorestown, NJ 08057

(856) 291-9777

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Anonymous "J"
Do yourself a favor and hire Alexandra
Alexandra came as a recommendation from an attorney friend and she was spot on. Alexandra kept me informed through every step of the process during such a difficult time in my life. She explained things in detail and always had my best interest in mind, even when I may not have realized it. As my title says, do yourself a favor and hire Alexandra.
September 7, 2022

Anonymous "J"
Do yourself a favor and hire Alexandra
Alexandra came as a recommendation from an attorney friend and she was spot on. Alexandra kept me informed through every step of the process during such a difficult time in my life. She explained things in detail and always had my best interest in mind, even when I may not have realized it. As my title says, do yourself a favor and hire Alexandra.
September 7, 2022

Anonymous "J"
Anonymous "J"
Gillian
Divorce & Restraining Order
Lexie has been my attorney since 2018. I retained her when I filed for divorce and again when I needed to obtain a restraining order. She is the best of the best. She is professional, honest, and thorough. I would highly recommend her.
February 15, 2022

Gillian
Divorce & Restraining Order
Lexie has been my attorney since 2018. I retained her when I filed for divorce and again when I needed to obtain a restraining order. She is the best of the best. She is professional, honest, and thorough. I would highly recommend her.
February 15, 2022

Gillian
Gillian
Ryan D.
True 5 star Lawyer
Alexandra is by far the best lawyer I retained. She did not waste anytime with me or try and drag out the situation for more money. Straight and to the point. Alexandra knows the facts that count for your case and is prepared and ready to fight every inch for you. She also is passionate and listens to you in completely so she can better understand what you are going through. I absolutely recommend Alexandra Kardon Rigden for family law or a DV case.
May 5, 2022

Ryan D.
True 5 star Lawyer
Alexandra is by far the best lawyer I retained. She did not waste anytime with me or try and drag out the situation for more money. Straight and to the point. Alexandra knows the facts that count for your case and is prepared and ready to fight every inch for you. She also is passionate and listens to you in completely so she can better understand what you are going through. I absolutely recommend Alexandra Kardon Rigden for family law or a DV case.
May 5, 2022

Ryan D.
Ryan D.

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714 E. Main Street, 1B
Moorestown, NJ 08057