Like many couples, you and your spouse may have expected to raise your family, grow old together, and spend your retirement years enjoying yourselves. Perhaps you planned to travel, downsize or spend time spoiling your grandchildren. As each milestone and anniversary passed, that goal drew closer. Certainly you had your rough patches, times when you seemed to be on different wavelengths, but you never anticipated divorce.
While overall divorce rates continue to drop, the rate of gray divorces, breakups of couples older than 50, seems to be on the rise. If you are in that situation now, facing a divorce so close to retirement, you may have many questions and concerns about your future.
The gray divorce trend has caught many spouses off guard, especially those who have been married for decades. Whether you are instigating the breakup or your spouse has asked for a divorce, you will likely have many emotional, personal and financial issues to deal with. You may be surprised at how your adult children react to your breakup. It may help you to know that your reasons for divorcing at this stage in life may be similar to the motives for other gray divorces, including:
- You and your spouse have spent many years fighting over one issue, usually money.
- You are not happy being together in your empty nest.
- Your marriage has suffered through infidelity, or perhaps you have both found new love interests.
- Because life expectancy is longer and health care better than past generations, you may not be excited about the possibility of spending many more years together.
- You no longer share the same interests or goals.
- You have been unhappy in your marriage for years, but there never seemed to be a good time to divorce.
You are not alone to have fear and trepidation about your future, especially when it comes to your finances. A gray divorce can be devastating, and it certainly means a drastic re-evaluation of plans and goals for many couples. To avoid struggling financially in the years following your divorce, you will want to be sure to obtain your fair share of marital assets. It will help to know your rights under Florida law and to take advantage of all the financial and legal resources available to you.