Grey Divorce
GREY DIVORCE LAWYER IN NEW WESTMINSTER, BRITISH COLUMBIA
A grey divorce, also known as a silver divorce, occurs when couples choose to end their marriage later in life typically after the age of 60. These divorces often come with unique challenges due to the accumulated assets and intertwined lives of the spouses which have been built over many years of marriage.
If you are trying to navigate the complexities of a divorce later in life, you should consider obtaining professional legal guidance. As a trusted family law firm, Valerie M. Little and her team provide comprehensive divorce support tailored to your unique situation. Contact her today to schedule a consultation, and let her help you navigate this challenging time with her skills, years of family law knowledge, and experience.
How Assets Are Divided in a Grey Divorce
The division of assets during a grey divorce involves assessing the value of property, investments and businesses and taking into account all assets held at the time of marriage. Additionally, one or both partners may have received an inheritance from a family member, which will require an analysis of the excluded property.
How Is Spousal Support Determined in a Grey Divorce?
​Spousal support in a grey divorce is determined based on various factors, including the length of the marriage, each spouse’s financial situation, their ages and their respective contributions to the marriage. If both parties are retired and receiving pension incomes, often the pensions are equally divided at source, and no spousal support is payable.
How Retirement Assets Are Divided in a Grey Divorce
Retirement assets accumulated during the marriage are typically divided equitably between spouses.
These assets may include real estate, vacation homes, bank accounts, RRSPs, RRIFs, Tax Free Savings Accounts, unregistered assets in a financial portfolio and Canada Pension Plan credits to name a few.
How Do Health Care and Insurance Work in a Grey Divorce?
Health care and insurance coverage may need to be reassessed and adjusted post-divorce to ensure adequate coverage for both parties. Valerie can help you understand your rights and options regarding health care coverage and insurance policies prior to and during your divorce proceeding.
How Can a Family Lawyer Help in a Grey Divorce?
As a knowledgeable grey divorce lawyer in B.C., Valerie can provide legal advice, advocacy and representation to safeguard your interests and guide you through the entire divorce process. The team at her family law firm offers compassionate support and strategic guidance to help clients achieve favourable outcomes in their grey divorce proceedings.
How Can Mediation and Collaboration Law Help in a Grey Divorce?
Mediation and collaboration offer alternative dispute resolution methods to help couples reach amicable divorce settlements outside court, which oftentimes reduces your stress and legal costs. Valerie can facilitate productive mediation and collaboration sessions to help you achieve a mutually beneficial agreement. She can also attend with you as your lawyer in mediation sessions with family law mediators.
Specialized Grey Divorce Service
If you are considering a grey divorce, do not hesitate to contact Valerie M. Little Law Corporation, a trusted family law firm in B.C. Valerie and her team are committed to providing compassionate legal representation tailored to your needs.
Valerie M. Little Law Corporation is centrally located in New Westminster and serves all of Burnaby, Port Moody, Maple Ridge, Coquitlam, Port Coquitlam, Vancouver, North Vancouver, West Vancouver, Squamish, Whistler, Richmond, Surrey, Cloverdale, Delta and Langley.
To schedule your confidential appointment, get in touch by calling her law office at 604-526-3333 or email her today. She has the experience and resources to help you resolve your family law problems.