Lesser-Known Challenges When Divorcing After 50

 Posted on April 23, 2025 in Divorce

The impact of divorce can vary significantly based on where you are in life. For couples with young children, custody and child support are major concerns. When divorcing later in life, your concerns may lie in asset division or spousal support; here are some other challenges that may not have yet crossed your mind. If you have questions about the process as it relates to your situation, you would benefit from speaking to an experienced Northville, MI gray divorce attorney. 

Planning for Healthcare Costs

Married couples commonly have shared healthcare plans. As you age, your medical needs can increase, making adequate coverage even more important. Some factors to consider during and after include:

• Insurance loss: You may lose coverage if you were under a plan sponsored by your spouse’s employer.

• Cost of long-term care: Long-term medical care can be costly and should be carefully considered during divorce.

• Medicare eligibility: If you are nearing retirement, you may need to find other healthcare coverage until you are eligible for Medicare.

• Social Security: You may be able to access Social Security benefits early, but it will reduce your lifetime benefits.

• Other insurance: Some people turn to private insurance policies or health savings accounts.

If you have questions or concerns about how divorce may impact your healthcare benefits, an attorney can explain your legal options.

Tax Implications for Dividing Retirement Accounts

Michigan is an equitable distribution state; the court aims for the fair division of assets in divorce, which is not always an even split. For example, contributions to your retirement accounts made before your marriage would remain yours, but contributions made during the marriage would be subject to equitable division.

In Michigan, if the court orders a spouse to distribute part of a retirement fund to the other party, simply withdrawing the required amount will have tax penalties. To avoid these penalties, Michigan uses a Qualified Domestic Relations Order (QDRO) in asset division, which allows you to roll over retirement funds without the tax implications.

Changes in Your Social Situation

The immediate post-divorce period can be lonely. While adjusting to life without your spouse, you may notice a shift in social circles or immediate family. It takes time to wade through the changes, but there are ways to speed up the process. Staying engaged with friends and family, participating in the community, and seeking professional support in difficult times can help.

Speak With Our Novi, MI Gray Divorce Attorneys Today

At Elkouri Heath, PLC, we have been serving clients throughout southeastern Michigan for over 23 years. We understand that every gray divorce is different and requires a personalized approach. Our Oakland County, MI gray divorce lawyers meet each case with compassion, giving our clients the attention they need at every stage. Call 248-344-9700 to schedule a free consultation today.