A matter of a gray divorce

 Posted on June 09, 2022 in Uncategorized

The notion that spouses married for many years or remarried at an older age will not divorce is not correct. Many couples over age 50 file for divorce in Maryland family courts.

In this blog post, we will look at some of the issues related to older couples’ divorces.

What causes divorces for older couples?

Many reasons contribute to divorces for older couples.

Financial concerns, not surprisingly, often drive a wedge in a marriage. Worries about retirement years and nest egg savings can become more severe as people age. In the opposite scenario, one spouse worries about retirement savings while the other continues spending or putting retirement funds at risk.

“Empty nest” refers to changes in the household after children become adults and move away. When the children are gone, the spouses find themselves unable to live together and problems ensue.

Troubling problems can surface, such as verbal abuse or violence. Gambling, alcohol and other addiction issues might reach a point where the other spouse can no longer live in the situation.

Divorce can bring big disruptions

Regardless of the reasons for filing for divorce, both parties need to prepare for a new life.

Taking care of a household alone comes with many responsibilities, including financial ones. Hiring professionals, such as tax accountants, attorneys and insurance brokers, can be vital to establishing post-divorce normalcy.

Seeking an equitable distribution of assets and a reasonable amount of alimony can also help stabilize the transition.