Law Office of Robert A. Skovgaard
Call For Your Free Consultation:
203-883-4506

More divorce issues for those facing "gray divorce"

The phenomenon of the "gray divorce" is once again on the rise in America. Connecticut residents might be familiar with this term as it refers to individuals who divorce after the age of 60. These individuals are faced with more complex divorce issues than one might initially expect, largely because of the time in life they are choosing to end their partnerships. 

The statistics surrounding gray divorce are startling -- a whopping one in 10 people who divorce do so after the age of 60.  Even more surprising is the fact that for many of these people, it is still their first marriage -- many gray divorcees have been married for 20 years or more.  This poses an interesting set of problems for those who choose to go this route. 

For example, in a 20-year marriage, many marital assets can be accrued. This means more complicated asset division during the divorce. Additionally, some of those assets may well be retirement-related (for example, 401ks), and with those assets being split in half, retirement plans may need to be changed considerably. Even just considering a single income after years of a dual income situation can have profound effects on individuals who choose to divorce late in life. 

Obviously, quality of life is very important to senior citizens, and Connecticut residents would agree that staying in a failing marriage may not be the best retirement plan of all time. Thankfully, there is specialized support for individuals facing these unique divorce issues. Both parties in a gray divorce can benefit from seeking out this sort of support.  

Source: The Washington Post, "Till Death Do Us Part? No way. Gray Divorce on the Rise", Brigid Schulte, Oct. 8, 2014

No Comments

Leave a comment
Comment Information
Email Us For A Response
How Can I Help You?Schedule your free consultation today

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Law Office of Robert A. Skovgaard
1234 Summer Street
Stamford, CT 06905

Toll Free: 877-380-5663
Phone: 203-883-4506
Fax: 203-348-0196
Stamford Law Office Map