Around the table blog

Around the Table

Levitt Family Law & Mediation’s Blog

Divorce Settlement Options when Parties have a Large Age Discrepancy

by | Apr 15, 2020 | News

Karen J. Levitt, Levitt Law Group, LLC will be presenting with Susan Miller, Managing Director & Senior Wealth Advisor at The Colony Group, Wellesley, MA, at an MCLC Tri River Practice Group meeting in September 2020.  The topic will be  “Does Age Matter? – Settlement Options when Parties have a Large Age Discrepancy”.  In many of our divorce cases, there is a significant age difference between the parties. This presents challenges with regard to asset division and support, as one party is going to be in retirement much sooner than the other with a reduced ability to acquire future assets and income.  This creates concerns around all sorts of issues, such as asset division, child support and alimony, and health and life insurance.   Cases with significant age differences between the parties require a critical evaluation of all the issues, and a close review of the financial options available to the parties to ensure an equitable division of assets and liabilities and a division of income that provides for both parties and their children. The use of a financial professional can be helpful evaluating the types of financial projections that may be necessary to appreciate the complexities in these cases, and to help with resolution of the issues.  Attending the meeting to hear Karen and Susan speak will be lawyers, mental health professionals, and financial professionals who all work in divorce and family law.