contact Menu
Kelly Law Office, LLC
Call To Schedule Your Consultation


Helping People Through Difficult Situations For

More Than 25 Years

Divorce, retirement and single women

Ohio residents who get a divorce may discover that the process can have a negative impact on their finances, including any assets that have been set aside for retirement. In fact, people who get a divorce are more likely to run out of retirement assets than those who have never been divorced.

This is according to the results of a study conducted by the Center for Retirement Research. The results show that the net financial wealth for households that have not gone through a divorce is nearly 30 percent more than that of similar households in which a divorce has occurred.

Divorced individuals have a 5 percent higher risk of depleting their resources for retirement. However, this does not apply to single women.

Women who have been divorced have the same degree of financial security for retirement as women who have never been married. This sets single women apart for all other groups, such as married couples and single men. Real estate has been singled out as the reason for the difference.

Women who get divorced are often given the children, whose care can be quite expensive. They are also commonly left with the family home, which is a source of home equity. Women who choose to use the equity that has accumulated in the home can significantly improve their financial standing for retirement.

A divorce attorney may work to obtain the desired settlement terms for clients who are going through a high-asset divorce. The attorney might litigate to ensure that the rights and interests of clients are protected regarding the division of assets, including pensions, 401(k) funds, real estate, offshore accounts and other assets that were accumulated during the marriage. The attorney may be able to help ensure that the other party has provided full disclosure about their financial assets.

No Comments

Leave a comment
Comment Information
Email Us For a Response

Contact Us Today For Your Free Consultation

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

Kelly Law Office, LLC
136 West Mound Street
Columbus, OH 43215

Phone: 614-556-4280
Phone: 614-556-4280
Fax: 614-542-0230
Map & Directions

  • VISA
  • Master Card