Commentators say that the number of mature Americans seeking divorce is on the rise. Many call it the “graying” of family court (including a sociologist who conducted a study on the subject). As the Baby Boom generation continues to advance, the number of people over 50 filing for divorce has been on the rise.
A sociologist from Bowling Green State University told National Public Radio that roughly 25 percent of people getting divorced today are over the age of 50—a significant increase from the roughly 10 percent who were over 50 heading to divorce court in the 1990s.
In Florida, older adults who decide to part ways may face many of the same issues that can arise in any family law proceeding. An adult over 50 may have children who are still minors. But, in many divorces among people over the age of 50, child custody and visitation issues may no longer be relevant.
A recent report from NPR suggests that many Baby Boomers spent years raising children. But as time passes, and a couple has become empty-nesters, the spouses may find that differences have arisen.
In recent generations women have gained much more financial stability than may have occurred generations ago. Couples who have been married for decades may be more likely to have attained a great deal of assets during the marriage.
Property division issues can be complex, especially in a high-asset situation. Multiple properties, potential business interests and possibly hidden assets may be at issue. A person seeking a divorce may need to use a variety of techniques to determine what assets belong in the marital estate. Valuation issues may also need some form of forensic accounting.
Source: NPR, “Older Americans' Breakups Are Causing A 'Graying' Divorce Trend," Ina Jaffe, Feb. 24, 2014