Coping with and managing a divorce at any stage of life is a difficult concept for most people to master. For some people, this may be the first time that they have had to get a job in order to support themselves. For others, it may mean that they are now single parents. The simple fact is that post marriage life can be extremely difficult to adapt to and can bring a whole list of financial and emotional worries. This is particularly true for those people who are at least 50 years old.
According to a study by the National Center for Family and Marriage Research, the divorce rate for those aged 50 and over doubled in the United States from 1990 to 2010, and today, divorces of the 50 and older group account for approximately 25% of all divorces in the United States. (http://ncfmr.bgsu.edu)
Handling and managing a “gray divorce” is something that must be done with extraordinary care. Often couples may have accumulated significant wealth at this stage in life which may have resulted in vast investment portfolios and property investments. In other cases, couples may be living on a fixed income. Whatever the individual facts of the particular case, divorces in the later stages of life involve factors that are not traditionally involved in divorces and special care must be afforded to them.
These types of divorces can result in new, unforeseen obstacles and can cause great financial worry. As so, it is especially important that when considering an attorney, that you choose one who recognizes and has the ability to deal with the unique circumstances accompanying a divorce in a later stage of life.
William S. Foley, P.A. has extensive experience managing and successfully resolving gray divorces. Whether you are a Fortune 500 CEO, a stay-at-home-spouse, professional athlete or small business owner, William, S. Foley, P.A. will ensure that your rights and privileges are protected as our team helps to walk you through the divorce and settlement processes.