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The 'gray divorce' is becoming more popular

A couple can choose to divorce at anytime during their marriage. Many choose to do this while relatively young; however, divorcing later in life is becoming more popular. Gray divorce is on the rise, in Maryland and elsewhere. Some may wonder why this is the case.

It is believed that approximately one in four Americans going through the divorce process is over the age of 50. This is a huge increase for this age group compared to 20 years ago. In fact, it is believed that the number of people seeking divorce in this age group is double what is was between 1990 and 2010.

People are living longer than they used to and simply refusing to stay in relationships that are not fulfilling. Some in this particular age group have also fared pretty well financially and can often afford splitting assets before heading into retirement years. There are others, though, who may find retirement a struggle by taking this big of a step, but still feel it is worth doing.

Some of the biggest concerns when going through a gray divorce are money and health care. These are both things that can be discussed at length and negotiated into a divorce settlement. Older couples in Maryland who are ready to go their separate ways can do so, and do it with settlements that benefit all parties involved. While this can take time to figure out, with legal assistance, a marriage can be dissolved successfully and both individuals can move forward ready to enjoy their retirement years.

Source: naplesnews.com, "'Gray divorce' a trend on the rise", Rodney Brooks, April 10, 2016

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