Family
Jun. 7, 2024
Going gray: A look at divorce in later years
Gray divorce can affect retirement plans, savings, assets, insurance benefits, and personal possessions of the divorcing spouses. It can also cause emotional distress, loneliness, reduced social support, and increased health risks.
Roslyn Soudry
Principal, Offit Kurman
When people think about retirement, they often imagine spending their golden years enjoying the life they've built with their partner. However, a growing number of older American adults are doing something completely unexpected for their age group--getting divorced. A 2021 report by the U.S. Census Bureau suggests that more and more couples over the age of 65 are calling it quits, often after being married for years, if not decades. This phenomenon, dubbed "gray divor...
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