California couples who have been married for 25 years or longer are divorcing at increasing rates. According to one recent study, divorce among couples over the age of 50 has doubled in the last two decades. In 1990, about 10 percent of divorces occurred in the over-50 crowd. As of 2013, that figure multiplied to about 25 percent of couples. Although the news often covers high-profile stories that suggest infidelity is the cause of many divorces, especially among high-profile couples, that is not always the case. Usually, empty-nesters say that a lack of or breakdown in communication is the reason for marriage break-ups.
While younger couples may not have children and may have limited assets, an older couple who divorces is more likely to deal with children, property division, retirement funds, health care issues and other factors that don’t affect their younger peers. One organization recently provided tips that could help older couples who are going through a divorce.
Individuals undergoing a “gray” divorce were advised to know how to proceed financially. Aside from possible court fees, two households with separate costs and needs will need to be established. Partners planning for divorce should begin to save so that they can make an easier transition. Financial analysts can help with planning for the future, and a qualified professional such as a family law lawyer can help with retirement asset division.
Moreover, the experts discouraged posting one’s marital issues on social media as they can be used in court, and they reminded individuals to consider important issues that may slip by in light of the bigger picture: Think about what will happen to pets, and determine in advance how to handle health care insurance.
Couples who are over 50 have more things to consider when going through a divorce. A family lawyer might be able to help them address issues such as property division in an amicable fashion that bypasses drawn-out in-court litigation.
Source: Palatka Daily News, “Tips for baby boomers seeking divorce,” April 28, 2013