Divorce has become widely accepted in the past few decades. Although spouses were once expected to grit their teeth and put up with a marriage even when it was unhappy, standards have shifted drastically. The baby boomer generation, which once valued putting on a happy face in spite of marital problems, has seen a rise in the rate of divorce past age 50. Often called gray divorce, this type of marital termination comes with a variety of additional complications.
The concerns that gray divorcés face
Younger couples tend to have fewer assets and simpler lives than middle-aged couples. This means that divorce past age 50 tends to be more complicated. Spouses who are splitting up must address issues such as:
- Dividing pensions and other retirement assets equitably.
- Alimony, particularly for spouses who served as homemakers throughout the marriage.
- Handling complex assets such as joint accounts, lines of credit and vacation homes.
- Selling or moving out of the house that might have served as their home for decades.
- Finding a new source of health insurance.
- Breaking the news to adult children and grandchildren.
- Finding romance, starting new hobbies and filling their time.
- Adjusting to single life after decades spent in a marriage.
Divorce attorneys like Jay Schwartz can sort out the legal and financial matters. The emotional issues, though, are something that every individual must handle with the help of their family and friends.
Adjusting to divorce after age 50
It is never easy to go through a divorce, whether it happens at age 20 or age 50. Although initiating a divorce or receiving the papers is one of the most painful steps, it can often lead to a much happier future. The statistic about rising rates of gray divorce is not necessarily sad. It also indicates that people are taking the initiative to remove themselves from unhappy home lives and start afresh. And a fresh start, even if it comes past age 50, is something that can prove thoroughly beneficial in the long-run.