If you want the short answer to this question, it’s yes. Although society tends to see divorce as an issue for younger people, more and more older couples are deciding that it’s never too late to go through the process as well.
Recent statistics suggest that those divorcing later in life (i.e. individuals over the age of 50) are divorcing at double the rate that they were in the last 20 years. This suggests that though many believe there is a stigma attached to divorce later in life, it isn’t always necessarily the case.
What are the Most Prevalent Issues in Divorces That Occur Later in Life?
Just like there are issues that arise when younger couples get divorced (i.e. child support, parenting time, etc.) there are certain issues that are more prevalent when older couples get divorced. The most prominent of these issues include:
- Retirement Assets – Dividing retirement accounts is incredibly important to those who are divorcing later in life and are close to (or are already) using the money to survive.
- Income – If a couple has limited retirement assets and either one or both parties are unable to work, dividing assets can be difficult and put a strain on a couple as they divorce and begin life anew after the process is complete.
- Poor Planning – Divorce isn’t something you can necessarily plan for. However, poor planning can put a serious strain on a couple dividing debt, assets, and more in half.
Because there are several issues that may arise, it’s important that you work with an experienced attorney who can properly evaluate your assets and liabilities and propose a fair settlement for both you and your former spouse.
Divorce is a Personal Decision, No Matter Your Age
There is no “wrong” or “right” time to get divorced. The decision, no matter when it occurs in your life, is highly personal and should be treated as such.
Of course, you should never let potential problems in the divorce, like those mentioned above, deter you from proceeding if you are unhappy. However, they are considerations that must be made if you are to follow through with the process.
Lawrence R. Surinak Ltd. is Experienced in Later Life Divorces
With over 35 years of experience in divorce law, Lawrence R. Surinak Ltd. is your Naperville divorce attorney if you’re considering a later life divorce. We’ve assisted hundreds of older clients throughout our years of practice and are happy to provide the same professionalism, guidance, and support to you.
If you have questions or would like to discuss your case in depth, contact Larry for your free 30-minute consultation at 630-470-9990 or fill in our simple online form to request an appointment. We look forward to speaking with you and putting you at ease regarding any concerns you may have with the divorce process.