Grey Divorce is Not Black and White
Grey Divorce is a term used to reference couples divorcing after the age of 50. It’s a growing phenomenon. Currently, grey divorces make up a quarter of all divorces. Some of the key factors contributing to the increase in divorce among this demographic are longer life expectancies, changing attitudes towards divorce, increased financial independence and empty nest syndrome. As you may imagine, the longer a couple is married the more there is to divide and consider as their relationship comes to an end. Older couples tend to have more assets such as real estate, retirement plans, pensions, and social security benefits. Dividing these assets and supporting two households can become complicated, especially if there was [...]