Gray Divorce: What Is It?

Divorce is never easy, especially for those ending a long-term marriage later in life. A gray divorce is often defined as a divorce between individuals aged 50 and older who have been in a long-term marriage. Gray divorces have become more common over recent years. Those who are going through a gray divorce face unique challenges that differ from those experiencing divorce at a younger age. At Moskowitz Law Group, we are dedicated to providing clarity to your unique situation. In addition to financial and legal issues, divorce can also bring emotional turmoil by disrupting long-established routines, relationships, and family dynamics. We are committed to helping you navigate these challenges.

Emotional Impact of Gray Divorce

Ending a marriage later in life brings emotional challenges unique to your situation. Some common emotions during a gray divorce can include loss and uncertainty. Many individuals have built their lives and identities around their marriage, including social circles, family traditions, and homes. Adjusting to this new reality post-divorce can be overwhelming, especially when others, such as children or even grandchildren, are involved. Regardless of whether the divorce is amicable or not, it is normal to experience wide ranging and mixed emotions. Seeking support from those around you can help manage the emotions involved in divorce from your long-term partner.

Financial Considerations

In addition to the emotions involved, a gray divorce also involves serious financial considerations. Dividing assets accumulated over a marriage requires planning and attention to detail to make sure that both individuals achieve as much financial stability as possible after the divorce. Some common assets that warrant special attention and legal guidance include retirement accounts, pensions, investments, and properties.

Additionally, if one spouse was the primary source of income, spousal support can be a key factor. Healthcare is another concern in gray divorces because you may be at risk of losing access to your spouse’s health insurance coverage. If you were covered under your spouse’s plan, you may need to obtain new coverage. Without a fair legal agreement, one individual may end up struggling to maintain their standard of living after the divorce. That is why it is important to have a family law attorney who will stand up for your rights and advocate for what you deserve.

How We Can Help With a Gray Divorce

At Moskowitz Law Group, we understand that gray divorce is far more than just a legal process. Consulting a family law attorney ensures that your assets are being divided fairly and that financial obligations are properly addressed. Our dedicated team of family law attorneys is here to guide you through the legal complexities of a gray divorce every step of the way. If you are looking for more information about gray divorce or support during this process, contact us to schedule a free case evaluation.