Raising children is one of the most difficult and rewarding accomplishments that any parents can make. While many parents do stay together until their kids have left home, the dynamic can change considerably when going from working and raising children to becoming retired and having an empty nest. This is why so many married couples consider divorce around this time.
When a couple is older, there's a better chance that they'll have a higher net worth than their younger counterparts. For this reason, so-called "grey divorces" tend to involve more money, assets and property. Divorcing seniors sometimes have retirement accounts, pensions, various real estate investments, art, antiques and other types of valuables -- all of which will need to be divided during their divorce proceedings.
If you're divorcing later in life, you must be especially prudent when deciding on your living accommodations post-divorce. Your initial reaction may be to fight for ownership and occupancy of the family home. But is that the wisest course?
Divorces are filed by married couples at all stages of their lives. However it is increasingly common for retired couples to decide to divorce. The fact that the divorce rate among couples over 50 has doubled in the last 20 years has sparked a phenomenon that is commonly referred to as "gray divorce".
It can be difficult, after many years of marriage, to decide on a divorce and all of the changes that come with it. However, if you are unhappy in your marriage, you may have simply come to the conclusion that life is just too short to not make the important changes that could possibly bring you long-term happiness.
Typically, a "gray divorce" is one in which you and your spouse are both over 50. Really, though, it refers to any divorce that happens later in life.
It is becoming increasingly common for couples to be contemplating divorce when they are reaching retirement age or are living in retirement. This is often due to the lifestyle changes that come about during retirement. Your priorities and expectations of what marriage means might change.
You've been married for nearly four decades, but you're finally calling it off. For the most part, you and your spouse are on good terms. You've just decided together that it's best to end the marriage.
There is no single reason why parents wait until their children are adults to get divorced. In some cases, the parents haven't started having relationship issues until then. Financial issues could play a role. The empty nest could impact the parents' relationship.
So-called 'gray divorces' between senior citizens frequently leave the wives impoverished, according to a study done by sociologists at Bowling Green State University in 2010. The women discover to their chagrin that meager Social Security benefits are insufficient to meet their basic needs.