Over the last few decades, there has been a new trend in divorce. In the early 90s, only 10% of the people over age 50 were divorced. Now that number has risen to 25% in a trend that is commonly known as gray divorce. Some believe that the acceptance of divorce in society is making it a more palatable option than it previously was.
If you have been married for a long time and decide to split, it can be especially financially and emotionally traumatic. It is likely that you have raised children together, have joint retirement and insurance accounts and that one spouse relies on the other for financial support.
Gray divorce can be caused by any number of things, but reasons people commonly cite include:
You have many good years left to live, and you’ve decided the best way to spend them is without your spouse. There are many implications of separating your intertwined lives after so many years. An experienced family law attorney can help walk you through the process.