Divorce After 50 in Orange, TX
Divorce Rates for Couples Over the Age of 50 are Skyrocketing
The AARP reported that despite overall divorce rates decreasing since the early 1990s, the divorce rate for couples over the age of 50 has doubled, with more than 50% of marriages failing as couples reach their 50s and 60s. Divorces involving couples in their 50s and beyond are often referred to as “gray divorces”.
People are living longer and with the children grown many spouses find themselves reflecting on the many years remaining in their lives and marriages. With very few joint responsibilities, for some individuals the thought of spending the next 25-30 years together is not bearable or desirable. An AARP study titled The Divorce Experience: A Study of Divorce at Midlife and Beyond, reports “while it may seem odd that two people who have been married for years, even decades, decide in their golden years to separate, senior citizens may feel entitled to start over before it’s too late.”
Unique Considerations for Divorcing After 50
Younger couples facing divorce generally are focused on issues around child custody, child support, alimony, and co-parenting. Couples facing a gray divorce face complex issues unique to their stage in life. Older couples’ primary considerations are often financial and long-term care issues. They often have significant assets together that must be allocated, which can make what might seem a simple split evolve into a much more complex and emotional process.
Considerations in a gray divorce include:
- 401(k) retirement accounts
- Pension funds
- Social Security benefits
- Spousal maintenance
- Trusts & estate plans
- Marital assets such a primary home, vacation home, and vehicles
- Investment property
- Family-owned businesses
- Healthcare
- Social Security
- Outstanding financial obligations to adult children
Divorce Attorney Jim Sharon Bearden will provide you with the legal guidance necessary to help you maintain peace of mind as you move forward to the next phase of your life. Contact The Bearden Law Firm today at 409-883-4501 to schedule a confidential consultation.
Providing Solutions and Strategies for Gray Divorce
Jim Sharon has decades of experience in divorce and property division in Texas. He will listen to the facts of your situation and your desires for your future. Attorney Bearden will prepare a strategy based on years of experience and set clear expectations for what you can expect. He will be straightforward as he guides you in splitting assets, protecting your retirement benefits, your lifestyle, and planning for your future.
You need a proven complex divorce and property division lawyer who will provide innovative solutions to complicated issues. Jim Sharon has the experience and dedication to advocate for you and achieve your best possible outcome.
Contact Jim Sharon, an Experienced Orange, Texas Divorce Lawyer, at 409-883-4501 or fill out our contact form below to schedule a Free Initial Consultation.