Statistics reveal that late-life divorce has become more common and acceptable over the last two decades. According to the National Center for Family and Marriage Research, in 2014, people age 50 and above were twice as likely to go through a divorce than in 1990. For those over 65, the increase was even higher.
One explanation for the increase, in what has been coined the “gray divorce,” is that many people over the age of 50 are in second marriages. 59% of individuals who divorce after age 50 are considered “Divorce Careerists,” meaning that they have experienced a divorce both prior to and following age 50.
Unique sets of issues arise in divorces that occur later in life, especially if it is not a person's first go around. Although there may no longer be children at home to think about, individuals need to be aware of their property rights and what it means in the context of divorce.
People that get divorced later in life, often have accumulated a great deal of property with his/her spouse. If it is a second marriage, a spouse may have had separate property that they brought in to the marriage that needs to be dealt with in a certain manner,
At Karp & Weiss, our philosophy is to help our clients move forward on their path to seeking happiness with an understanding of their property rights. The law provides many solutions for those who are going through divorce, but is often difficult for people to navigate on their own. If you are going through a late-life divorce and have questions regarding your rights and how best to provide for yourself going forward, do no hesitate to contact us.
The New York Times, After Full Lives Together, More Older Couples Are Divorcing, http://mobile.nytimes.com/2015/10/31/your-money/after-full-lives-together-more-older-couples-are-divorcing.html?smid=tw-nytimes&smtyp=cur&referer=https://t.co/2Q70GzpVel&_r=0
National Center for Family & Marriage Research, https://www.bgsu.edu/ncfmr.html