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The concept of marriage for a lifetime seems to be fading, and in no age group is this evidenced more than among those closest to retirement age. Couples age 50 and older are the rising demographic of divorce clients, and researchers are curious about why this seems to be the new trend. While every marriage is unique and every divorcing couple has their personal reasons, some studies have shown common elements that lead to so-called “gray divorce.”
Many gray divorces are second marriages, which typically have a higher rate of divorce to begin with. However, some are unions of many decades. Experts say these long-term marriages come to an end for a variety of reasons, including:
The ramifications of a gray divorce can be very serious. They include the division of a lifetime of assets, the challenge of finding ways to support oneself when resources are low and the splitting of a retirement savings on the cusp of retirement. Since many struggle financially following divorce even in the best of circumstances, a gray divorce may be all the more reason to seek sound advice from an experienced legal professional.
Contact the experienced lawyers at The Love DuCote Law Firm LLC today & schedule your free consultation. We proudly serve Sugar Land & all throughout Texas. Visit our law office at:
The Love DuCote Law Firm LLC – Texas Office
1600 Highway 6, Suite 480
Sugar Land, Texas 77478
Phone: (832) 786 2949
Fax: (832) 553 7765
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