By: Attorney Shira Truitt
Grey divorce, also known as silver divorce or late-life divorce, refers to the divorce of couples who are over the age of 50. According to Google keyword data, grey divorce is on the rise, with an increase of divorce rates among this age group over the past few decades.
One potential reason for the increase in grey divorce is that people are living longer and healthier lives, and may be more likely to reevaluate their relationships as they enter their later years. In addition, social and economic changes, such as the increased participation of women in the workforce, may also play a#role in the decision to divorce later in life.
The process of grey divorce can be complex, as it often involves dividing significant assets and determining retirement plans. It is important for individuals going through a grey divorce to seek the advice of a financial planner or divorce attorney who can help them navigate the legal and financial aspects of the process.
Research has also shown that grey divorce can have negative effects on mental health and well-being. A study published in the Journal of Health and Social Behavior found that individuals who experience a grey divorce are at an increased risk for depression and anxiety (Dew, G. (2015). "Gray Divorce and Mental Health." Journal of Health and Social Behavior, 56(1), 65-80). It is important for individuals going through a grey divorce to seek support from friends, family, and mental health professionals to help them through the process.
Grey divorce is a complex and often challenging experience that requires careful consideration and planning. It is important for individuals going through a grey divorce to seek the advice of financial and legal professionals, as well as support from friends and family, to help them navigate the process and maintain their mental health and well-being.
If you need legal advice or a lawyer in Illinois or Missouri, please contact The Truitt Law Firm, LLC for assistance. For more information on The Truitt Law Firm, LLC or to schedule an appointment, please go to www.thetruittlawfirm.com.