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Mistakes to Avoid When Divorcing Over 50

Did you know that divorce rates in the United States are declining? That is, divorce rates are declining in the United States except for those who are over 50 years of age. Just a few decades ago, only one in ten spouses who split was over the age of 50, but today one in four spouses splitting up is over the age of 50.  The numbers represent a massive surge in breakups late in life. It could be due to people living longer and having more opportunities to grow – or grow apart from their significant other. When the children…

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Top Challenges in a Grey Divorce

Today, the number of grey divorces or divorces past 50 has increased at an alarming rate. While the overall rate of divorce has been more or less stable in many nations, divorces in couples who are more than 50-years-old have gone up drastically. Often such couples even have grandchildren. It just goes on to prove that a couple may divorce at any stage of their life and not just at a young age. Though the decision to file a divorce is a process that can alter the entire course of one’s life and is a difficult decision, the challenges that…

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Gray Divorces Can Still Affect The Life Of An Adult Child

Divorces are never easy and each divorce has its own set of challenges. Gray divorces have become common nowadays and it has its own problems. Property division is one problem for every individual who divorces after the age of 50. Another problem is dealing with adult children. Adults behave much differently than kids do after their parents’ divorce. Despite being mature enough to understand what a divorce means, adult children often hate to see their parents staying apart. Since their childhood, they have seen both their parents living together and suddenly when they get divorced, the entire environment that they…

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Tips for Moving On From the Gray Divorce of Your Parents

It is a fact that the number of “gray divorces” has grown at an alarming rate, especially in the last twenty years. And yet, there are very few guidelines on how the adult children from these divorced families should cope up with their changing family structures and mental states. There are many such adult children who face loyalty conflicts since they are often compelled to take sides. And although these children may not have to take sides, they can be stressful while making an attempt to maintain proper boundaries, particularly when their parents are constantly at loggerheads with each other….

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Financial Planning After a Later-Life Divorce

You may find yourself getting divorced all of a sudden later in life.  You may not have as much of an earning ability in your later or senior years. So financial planning becomes extremely important, especially if you find yourself thrust into an unexpected divorce. An effective financial planning can be done if you follow these simple steps – Calculate your living expenses – A post divorce budget will give you an estimate of how much of an income you need and what expenditures you need to reduce. Generate income – You will have to find ways of increasing your…

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