A ‘gray divorce’ refers to a split that happens between an older husband and wife, often after many years of marriage. With more and more couples over fifty, or even over sixty-five, choosing to part ways, the phenomenon has also earned the names, ‘silver splitter’ and ‘diamond divorce.’ While it might be unsettling to think about the particular issues that arise when senior citizens divorce, ignoring them will not make them go away.
Contrary to what the media would have you believe, gray divorces do not typically come about as part of a man’s midlife crisis. Rather, they are an outgrowth of advancements in medicine and changes in society. With people living longer than ever before, it is getting harder to “grin and bear it”, in a lackluster marriage. People are less tied to ideas of how senior citizens “should” spend their retirement and want to enjoy their gold years on their own terms.
With children grown and empty households, gray divorces do not involve acrimonious custody disputes. However, often extra concern must be paid to the division of property and alimony awards. With couples approaching retirement, or already retired, issues of income and savings are critical to both parties’ well-being.
If you or someone you love are involved in a ‘gray divorce’ situation, call our office today to speak with skilled family law attorneys about the best course of action.