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What is gray divorce and how does it impact you?

On Behalf of | Jul 30, 2022 | Blog |

Divorce can be difficult, no matter what leads to it. This can be true for brief marriages, or long ones.

Learning about gray divorce can be important for those over 50. The more you understand it, the easier it will be for you to see how it could impact you.

What is gray divorce?

Gray divorce is a term that refers to a divorce that happens when a couple divorces later on in life, usually after the age of 50. Divorces in this age range are increasing, as more couples are opting to part ways later on after their kids have moved out and become independent.

How can it impact you?

Gray divorce can have a wide range of impacts. For many, it may be financially more difficult to deal with than a divorce earlier on in life. This is due to the fact that there is less time for those who divorce to financially recover from dissolving their union. Beyond that, gray divorce can also have a significant impact on things like health insurance, and other benefits that one or both of the spouses may be receiving.

Divorce can be a difficult thing to face, and it can be especially difficult if you are divorcing later on in life. If you are going through a gray divorce, there are certain things that you may need to be particularly aware of. Knowing what is ahead for you can not only help take some of the stress out of the situation, but it can allow for a smoother process as well.

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