Seattle Attorneys Blog
Divorce (called dissolution of marriage in Washington) after a long-term marriage can be especially difficult. Families, finances, housing, and emotions have likely become well enmeshed after twenty or more years of marriage. The procedure to end a long-term marriage is the same as the procedure to end a short or medium-term marriage, but there are certain issues that become especially important in long-term marriages.
Retirement is among the greatest concerns for couples that have spent twenty plus years together. If both spouses worked earning roughly the same amount of retirement benefits each year of marriage, the process can be as simple as dividing the retirement assets equally. But in situations where one party has earned less retirement benefits than the other party or has earned no retirement benefits at all, this can be a more difficult process. It is important to consider the future retirement benefit earning potential of each party. One of the main considerations in this issue is how much time and ability each spouse has to earn additional retirement benefits prior to reaching retirement age. The division of retirement assets is an important part of most divorces at the end of a long-term marriage. Continue reading