Gray divorce is a term for divorcing couples who are 50 and older. Incidentally, the gray divorce rate has been rising over the past few decades. Because children are usually grown and living on their own, the issues you face in a gray divorce deal mostly with property division. However, dividing assets after a long term marriage can be complicated, particularly with retirement accounts, pensions, Social Security, insurance and long term care coverage as part of the picture.
If you are contemplating divorce later in life, seeking legal advice and guidance from a qualified attorney is an important step. At C.E. Borman & Associates, our divorce attorneys bring decades legal experience to the table and are prepared to protect your rights and best interests. Find out how we can help.