LEGAL GUIDE
Written by attorney William Harry Hunt | Oct 9, 2017

Grey Divorce

The divorce rate among those 50 and over has doubled in recent years. Roughly 1 in 4 divorcing couples are over 50. These cases are typically more complex, involve more property, established lifestyles.

COVID-19 is expected to create a surge in divorces, according to recent literature. The crisis going on in the marriage relationship is exacerbated by the crisis of the pandemic, both the disease and the economic fallout that it causes. We expect the grey divorce group (50 and over) to be particularly impacted. We are available for safe consultation for folks who find themselves in this dilemma.

What are common mistakes in grey divorce?

• Fail to realize the complexities and therefore miss opportunities to “make the pie bigger” • “Successful” divorce is a puzzle with many moving pieces, sometimes early decisions have to be adjusted • Grey divorces have more pieces and therefore more ways to solve the puzzle, but also more ways to make mistakes, what may look like a good solution could be a tax disaster • Emotional experience – traumatic – need guidance in decision-making; we don’t make our best decisions when we are under pressure, and emotionally-charged; brain chemistry is out of whack

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