On behalf of The Marks Law Firm, L.L.C. posted in Divorce on Wednesday, March 14, 2012
One Baby Boom generation anthem declares that they were born to be wild. Another shouts that they can’t get no satisfaction. Both statements might be true when it comes to Boomers and marriage, a new study indicates.
Divorce rates among people aged 50 and over doubled between the years 1990 and 2009, according to “The Gray Divorce Revolution” study.
In 2009, one in four U.S. divorces involved couples over the age of 50.
One family law attorney interviewed for a news article on the study noted that because people are getting married and having families later in life, they’re also getting divorced later in life.
“If they are marrying at 35 and divorcing once the kids are almost out of the house, that means a divorce at 50. When people were getting married in their 20s, it used to mean a divorce at 35 or 40,” she said.
She also said that for people who are bored with their partner, the internet makes romantic possibilities outside of marriage “just a couple of clicks away,” making divorce among older couples more likely.
The two main factors in most divorces, regardless of the couple’s age, are children and finances, she said.
Older couples are typically past the age of difficult child custody disputes, but often have financial ties that can be difficult to untangle in a divorce.
“You’ve often got real estate, a 401(k), an IRA, perhaps a business started during the marriage, and more. Sorting it out and ensuring that both parties are set up equally for retirement can be difficult.”
That’s exactly why it’s wise for a person considering divorce to contact as soon as possible an experienced family law firm in order to discuss their legal options.
Source: Fox Business: “The Boomer’s Guide to Divorce,” Kathryn Tuggle, March 7, 2012