Divorce rates among people over 50, often called 'gray divorce,' have been on the rise. This trend can have serious financial consequences for those nearing or already in retirement. Understanding these impacts can help individuals navigate the challenges of...
Gray Divorce/Divorce Over 50
Be aware of gray divorce complexities for proper planning
Couples divorce for many reasons, even after decades of marriage. Gray divorce, referring to the dissolution of a marriage involving individuals typically aged 50 and older, presents unique challenges that can complicate the process. Several issues may arise that...
Are you going through a gray divorce?
Gray divorce is a newer term to describe divorce between older individuals. It also encompasses some general situations that may not apply in a divorce between younger people. Sometimes, you may be in at an age where you are unsure if you are going through this type...
Older couples should be cautious during gray divorces
You've lived in the same home for over two decades. You and your spouse bought it together as your first home, and you loved it so much that you raised your child there. Now, they're leaving the nest, and you and your spouse have found that you don't have a lot in...
Are you about to experience a high asset gray divorce?
Divorce at a later age is happening with more frequency in New Jersey these days. And, by this time in your life, you may have acquired expensive properties and have a high net worth. If you are one of the many about to experience a “gray divorce,” you may...
Will you lose all your wealth in a divorce?
Amazon founder Jeff Bezos and his wife, MacKenzie, are finalizing their divorce details. According to USA Today, Bezos, who is the wealthiest person in the world, is parting with a fair amount of Amazon stock. The former couple both announced some of the divorce terms...