It is difficult to separate when one is older; however now, like never before, individuals are seeking a “gray divorce.”
Couples are no longer staying together, not necessarily because marriage have become unhappier, but simply because the legal obstacles to divorce have been eased. Parties no longer feel the need to remain together for financial security.
According to NPR, divorces for people over the age of 50 more than doubled from 1992 to 2012, with that percentage likely to rise even higher. There are numerous components that may add to this developing pattern, including the monetary and psychological security that is frequently accomplished as people gain experience with age. In any case, there can likewise be numerous difficulties in “gray divorce” that aren’t obvious right away, the most conspicuous being determination of separate property and separate debt.
