What is a Gray Divorce?
Divorce is becoming increasingly common among couples aged 50 and above. Attorneys who specialize in “gray divorces” are noticing a steady uptick in the number of divorces involving seniors. In fact, researchers now report that there are more Americans aged 50 and older who are divorced than widowed, and this trend is on the rise as Baby Boomers enjoy longer lives.
At Klein Law Group, our team of Divorce Attorneys in Boca Raton is dedicated to offering comprehensive support to clients navigating the challenges of a gray divorce.
Factors Contributing to the Gray Divorce Phenomenon
1. More Second Marriages
Second and subsequent marriages have a higher likelihood of ending in divorce compared to first marriages.
2. Greater Female Workforce Participation
Women now have more economic independence, allowing them to consider independent life choices.
3. Longer Life Expectancy
With increased life expectancy, marriages are less likely to end due to death, and some senior couples may simply drift apart over time.
4. Embracing “YOLO” Mentality
Cultural shifts have encouraged people to make the most of their lives rather than enduring unhappy marriages, emphasizing the importance of personal happiness.
5. Rise in Sexual Performance Medications
The availability of medications that enhance physical and mental performance can lead to individuals seeking extramarital physical relationships, potentially leading to infidelity.
Divorce Challenges Facing Older Couples
Getting a divorce when you’re older, like in your 50s or beyond, involves some unique challenges that you might not encounter in a typical divorce. Here are some of the issues you could face:
1. Alimony/Spousal Support
While child support might not be an issue in these cases, alimony often comes into play. The court considers how long you’ve been married when deciding on alimony. If you’ve been married for a long time, like 17 years or more, it’s likely that one spouse will have to provide financial support to the other after the divorce.
2. Dividing Retirement Savings and Taxes
Figuring out what happens to your retirement accounts and social security benefits can be a major concern for couples in this age group. It’s important to address these matters properly when ending a marriage.
3. Inheritance for Children
Many parents want to leave something for their adult children or grandchildren using the assets they’ve accumulated over the years. However, after dividing assets during a divorce, it can be challenging to fulfill these wishes.
4. Finding a Job
For people over 50, landing a job can be tough in today’s job market. It’s often difficult to re-enter the workforce after a divorce, whether due to age, health, or simply the long gap in employment history.
It’s Never Too Late to Start Over
Klein Law Group has a reputation for helping clients start fresh, at any age. Our Family Law Attorneys will guide you through the divorce process and help you make the best decisions for your future.
To speak to an experienced Boca Raton divorce attorney regarding divorce, call Klein Law Group at 561-353-2800 or fill out the form on the side of this page. We offer a FREE 30-minute consultation to discuss your individual case.