Grey Divorce

Many recent articles and news reports have focused on the topic of a “Gray Divorce.” Although there is no real definition, the term is intended to refer to couples over the age of 50 getting divorced. Although the percentage of couples getting divorced has dropped overall, the percentage of couples over the age of 50 (or 60) is increasing. If you are over 50 and have been in a long-term marriage (especially over 20 years), there are important issues you should consider before making the decision to get divorced. Have you been working outside the home for most of your marriage? If not, the financial impact of this divorce could be devastating as your income will be significantly reduced. It may be too late in…