A Senior Divorce In Orlando, Florida Area
- June 23, 2017
- ontarget
- Divorce
- 0 Comments
Are you facing a dissolution of marriage in the Orlando, Florida area? Are you a senior citizen? It is much more common nowadays that people in their seventies are divorcing. At that age, it is very common to have had a lengthy marriage of thirty or forty years. If that describes your situation, you may have unique issues due to your age and circumstances.
Due to the above mentioned issues, it is especially important that a senior citizen works closely with his/her financial planner and CPA. They can help you to minimize your expenses caused by the dissolution of marriage.
You may be living on income from an IRA or other retirement assets. During the dissolution of marriage, you may have to withdraw more monies than usual from your IRA or retirement account to fund the divorce. This may cause you to have to pay additional taxes in that year. That is why it is crucial to work closely with a financial planner and CPA to minimize your tax liabilities under that situation. They can advise you on how to best protect your assets during this time frame.
You and your spouse may be receiving social security income. Your financial planner can advise you what your standard of living will be like after the divorce. They will factor in your income that may be comprised of social security and retirement income. They can help you plan for your future after divorce based on the social security income and retirement income you will be receiving after the dissolution of marriage.
It is a known medical fact that seniors take longer to process information. You need an attorney who understands that and one who can work patiently with you to explain your rights and the procedures of a dissolution of marriage.
If you have more questions regarding an Orlando Senior Divorce, you may contact Ann Marie Giordano Gilden, Esquire at Ann Marie Giordano Gilden, P.A. for an initial consultation at (407) 732-7620.
This article is for informational purposes only. It does not form an attorney client privilege.