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Late-Life Divorce: 3 Things You Should Know

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A recent Swedish study found that people who spend more than 45 minutes commuting to and from work were more likely to divorce. But sometimes, you can't predict if or when your relationship might one day dissolve. It may come as a shock when older couples decide that, after decades of marriage, it's time to separate. Although late-life divorce is not as rare as it once was, it can still be incredibly complicated. If you've found yourself in this situation and are seeking out divorce advice, you might want to consider the following three points about senior divorce.

  1. Your finances will matter more than ever
    Any divorce attorney will tell you that your finances will be a chief concern during this process, regardless of your age. But when older couples divorce, their financial situation may play an even bigger role. The costs of retirement can be significantly higher for each person, and there are also Social Security and tax components to consider. The unfortunate reality is that late-life divorce can leave couples with few economic options. By consulting an attorney specifically pertaining to late-life divorce advice, you'll have a better chance of protecting your assets and securing your future.
  2. It's much more common now
    So-called "gray divorce" was once considered to be unusual, but it's much more commonplace these days. According to data compiled by the Pew Research Center, divorce among people aged 50 and above has nearly doubled since the 1990s. That said, divorcing later in life can still be a shock for the couple, as well as for their friends and family members. And if you've been married for several decades, picking up the pieces and starting over may seem like an impossible task. Family lawyers can help guide you through this process when you aren't quite sure what to do next.
  3. Adult children are still impacted
    When a couple with young children decides to divorce, their children are usually a chief concern. But when older couples with adult children choose to separate, they might not consider their offspring quite as much. The truth is that if you have children together, they will be affected by your decision to divorce. While your kids might not react as emotionally as they would if they were younger, it'll likely be important to address the reasons behind your divorce with them.

No matter how old you are, going through a major life change like this will be a challenge. If you're in need of divorce advice, contact a reputable law firm to ensure your rights are protected and that this process will go as smoothly as possible.

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