Family emotions divorce

Six Mistakes to Avoid When Divorcing Over 50

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curiousmindmagazine.com

Divorcing in your 50’s is just as painful as it is at any age, but as the rates of divorce in the over 50’s are on the increase, it pays to be careful when navigating the process, so you don’t lose out financially when you want out of your marriage.

Divorcing at this stage of your life can be financially devastating. The cost of selling up and setting up a new life for yourself will cost considerably more now than in the past.

Sky-high house prices and having no one to share the household expenses can hit your pocket hard. Not forgetting that if you take out any loans or another mortgage to get you through the process, you will have less time to pay off your debts, recoup your losses and save for your retirement.

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