Why Are More Older Couples Choosing Divorce?
On behalf of Vernier & Associates PLLC posted in divorce on Tuesday, February 5, 2019.
The process of ending a marriage involves dealing with marital debt, dividing property accumulated during the marriage and much more. It's a complex and often emotionally charged process, especially for those in Texas who have been married for a long time or those with complicated financial situations. This is frequently the case in a gray divorce, which is a divorce involving two people over the age of 50.
The overall divorce rate has fallen over the last few decades, yet the number of gray divorces is on the rise. In fact, one out of every four people currently going through a divorce is over the age of 50. There are many reasons for this, and a longer life expectancy is one of them. People do not want to spend the last 20 or 30 years of their lives in an unhappy marriage. Another reason for the rise of gray divorce is the changing cultural perceptions about the process.
There are many financial considerations a person would be wise to take into account regarding a gray divorce. Alimony and the division of retirement savings are major property division concerns a Texas couple will have to address as they attempt to settle their divorce. Another important issue is what will happen to the family home.
When a person is navigating the complexities of a gray divorce, it is in his or her interests to take think about the long-term impact of any decisions made during this process. With guidance, it is possible to secure a final order that allows for stability and security in the future. A person may find it helpful to start by seeking an evaluation of his or her case.