Many people believe that divorce is commonly an issue for younger couples, not those who have already spent many years together. However, divorce statistics contradict that presumption. Even as the overall divorce rates in many populations have declined, gray divorce rates among older adults have increased noticeably.
A gray divorce involves older adults in their 50s or beyond choosing to end their marriage after many years together. Some people reach the conclusion after many years of marriage that they might be happier in their golden years on their own or in a different relationship.
What can those contemplating gray divorce expect from the process?
More complicated property division
Divorce statutes are relatively broad so that the same regulations can apply to couples regardless of their circumstances. Couples preparing for gray divorce are subject to the same property division statutes as any other couple. However, people can expect a more complex property division process because they have more assets to divide.
Additionally, given that they are closer to retirement age than younger couples, there may be more reason to worry about the impact of divorce on financial plans for the immediate future. Spouses may need to proceed with caution as they discuss property division and financial support matters related to a gray divorce.
Intense emotional reactions
Spouses who have shared decades of marriage may expect to feel exhilarated or excited after they divorce. The reality is that many people go through a grieving period and may experience depression symptoms after they divorce. It can be difficult to adjust to living alone, especially after a long-term marriage.
The spouses aren’t the only ones likely to have intent to the actions to an impending gray divorce. Their adult children may have very strong reactions and may feel like they can take sides because they are older and understand relationships better. Sometimes, those preparing for gray divorce end up alienated from their children, grandchildren and other social relationships.
Developing an appropriate plan, tapping into support resources and understanding what to expect can make it easier for people to handle a complex divorce after many years of marriage. Spouses preparing for a gray divorce may want to discuss their circumstances with an attorney to ensure that they proceed with the best strategy given their circumstances.
