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The Increasing Occurrence of “Grey Divorce”

What do Morgan Freeman, Robin Williams, and Arnold Schwarzenegger have in common? They were all over 50 years of age when they divorced. According to recent data compiled by the American Academy of Matrimonial Lawyers, the instance of divorce among individuals over 50 years of age has been on the rise over the last few years. Interestingly enough, according to the National Center for Family & Marriage Research at Bowling Green State University the divorce rate among those over 50 nearly doubled over the past few years, despite the drop in the overall national divorce rate.

Although the reason for this influx in the instance of “grey divorce” is not immediately apparent, what is known is that ending a marriage after 50 can be significantly more financially burdensome than divorcing at a younger age. This is so because divorcing after 50 raises additional issues such as the division of social security benefits and retirement funds, trust and estates issues, and other end of life issues that would not normally come into play during divorce. Divorcing after 50 comes with unique challenges that necessitate unique resolutions. Let your Atlanta Divorce Team help you through the difficult process of divorce. We will work with you to resolve all of the issues surrounding your Georgia divorce.

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