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Divorcing later in life can be a difficult and stressful experience. Couples who have been together for many years may find it hard to adapt to living apart and face financial challenges. They may also find it emotionally challenging to divorce, as they have built up a shared history. However, couples who divorce later on in life should know they are not alone.
What is a 'Gray Divorce?'
A gray divorce is a divorce that takes place later in life, typically between couples who have been married for 20 years or more. While the divorce rate among older couples is still relatively low, it has been steadily increasing in recent years. several factors can contribute to a gray divorce, including:
- Empty Nest Syndrome - With the children out of the house, many couples find themselves with more time on their hands and less in common.
- Retirement - Retirement can be a stressful time for couples, especially if one spouse is looking forward to it while the other is not.
- Finances - Couples nearing retirement may have different ideas about how to best use their savings, leading to disagreements about spending and investment choices.
- Infidelity - Infidelity can be devastating to any marriage, but it may be incredibly damaging to couples who have been together for a long time.
Challenges of a Late Divorce
Divorcing later in life can present a number of challenges, both financial and emotional. Here are some things to remember if you consider divorce later in life.
Financial Concerns
One of the biggest challenges of divorcing later in life is financial. If you have been married for a long time, you may have built up significant joint assets, including property, savings, and retirement accounts. Dividing these assets can be complicated, especially if you do not have a prenuptial agreement.
You will also need to consider how your income will be affected by the divorce. If you previously relied on your spouse's income, you may need to find a new source of financial support.
Emotional Struggles
Divorcing later in life can also be emotionally difficult. Cutting ties with someone you have been close to for many years can be painful. You may also struggle with feelings of loneliness and isolation after the divorce.
Looking at the Positives
However, divorcing later in life does not have to be seen as a negative thing. In fact, there are many positive aspects to divorce later in life that can be beneficial for both parties.
For instance, divorcing later in life can allow couples to focus on their own individual needs and desires. This can be especially beneficial for those who have been married for a long time and may have grown apart over the years. Additionally, divorcing later in life can also allow couples to start fresh and create new relationships that are more fulfilling.
Considering a Divorce in Jacksonville, Florida?
The divorce attorneys at Owenby Law, P.A. have over 20 years of experience helping people through the divorce process. We understand that this is a difficult and emotional time for our clients, and we are here to help you through every step of the process.
If you are considering a divorce, call us today at (904) 770-3141 or schedule a free initial consultation online by filling out our form.