The longer a marriage lasts, the greater potential there is for a complex divorce. Over time, personal lives and finances become increasingly intertwined. Consequently, breaking things apart in an equitable manner can be much harder if you’re splitting after a few decades rather than a few years. Even in situations where children are grown, disputes… Read More »
Often referred to as “gray divorce,” a great deal of attention has been given to the phenomenon where couples choose to end a long-term marriage, typically after their children are grown and no longer live in the family home. A Census Department report says that more than one-third of Americans who get divorced are 55… Read More »
You’ve probably heard the “common knowledge” that half of all marriages in the U.S. end in divorce. However, the numbers show something different and also shed light as to whether marriages are ending in divorce more now than in the past. According to divorce statistics compiled in 2020, the actual percentage of marriages that end in… Read More »
Divorce during retirement age can come with some unique complications, due to the likelihood that the marriage had existed for decades, and the greater level of assets you’re likely to be dealing with. Here are a few things you’ll need to consider to get through a so-called “gray divorce” as smoothly as possible. Look into… Read More »
Money is one of the most common reasons couples get divorced in America. One spouse may be a spender while the other wants to save, causing serious tensions as time goes on. Ironically, while money can drive couples apart, it can also be the thing that prevents them from going their separate ways. That’s because… Read More »
While the divorce rate has seen a drastic drop-off over the last couple decades, there is one demographic for which it is actually surging, and that is people over 50. The rates of “gray divorce” have more than doubled since 1990, according to information from Bowling Green State University’s National Center for Family and Marriage… Read More »
While you might initially be more concerned about how your divorce will affect you financially and logistically, it also has the potential to affect your health — especially if you get divorced at an older age. “Gray divorce,” the common term for divorce among people 50 years old or older, is skyrocketing in the United… Read More »
With the increasing prevalence of “gray divorces,” a term commonly used to describing divorces involving older adults, spouses and attorneys sometimes must deal with the issue of what should happen if one of the parties involved passes away before the divorce is finalized. This, of course, can add some complications to the process. In most… Read More »
Fear of a compromised financial future is common during divorce. Understanding the fear—and knowing what to do about it—is essential. Because of the requirement to divide debt and assets during divorce, couples of all ages are concerned about getting their fair share. For individuals closer to retirement, the need is more urgent with fewer years… Read More »
In 2010, former Vice President Al Gore and his wife, Tipper, announced their separation. By all outward appearances, the couple was happy and comfortable, and the announcement came as a shock even to close friends. Many asked why they were separating. As a firm dedicated to the practice of divorce and family law on Long… Read More »