Divorce is never easy in Pennsylvania, as the process involves two spouses who must figure out how to untangle their lives both emotionally and financially. This can be especially tricky for those who have been married for an extensive period of time. However, in addition to trying divorce mediation, where both parties try to resolve their disputes without further court intrusion, one way in which divorcing spouses may be able to protect their best interests during this type of family law proceeding is to bide their time.
Biding one’s time is simply not an option in many situations, but if applicable, delaying a divorce proceeding may be beneficial for those bordering on financial milestones. One example is if a spouse is getting close to becoming eligible for Medicare at age 65. For those close to this age who will end up losing their health insurance coverage due to leaving their spouses’ insurance plans following divorce, waiting may end up saving them a lot of money. After all, Medicare can be much cheaper than individual health plans or COBRA plans.
Another example is if the two spouses are close to 10 years of marriage. Being married 10 years is necessary to achieve in order to receive Social Security benefits based on the employment record of an ex-spouse. This is particularly important if the other spouse was the higher-earning one in the marriage.
Going through a Pennsylvania divorce, including navigating divorce mediation, can seem complicated, but understanding one’s rights can be helpful for achieving success. An attorney can provide guidance during each step of the divorce process, including when dealing with matters such as asset division and spousal support. The lawyer will focus on achieving the best outcome for the client.
Source: newsok.com, “Don’t Let Divorce Ruin Your Finances“, June 22, 2017