A ‘gray divorce’ refers to a split that happens between an older husband and wife, often after many years of marriage. The ‘gray’ in ‘gray divorce’ refers to the color of the divorcing couple’s hair. With more and more couples over fifty, or even over sixty-five, choosing to part ways, the phenomenon has also earned the names of ‘silver splitter’ and ‘diamond divorces.’ While it might be unsettling to think that forty years of marriage is no guarantee for many more, it is necessary to think about the particular issues that arise when senior citizens divorce.
Contrary to what the media would have you believe, gray divorces do not typically come about as part of a man’s midlife crisis. Rather, they are an outgrowth of advancements in medicine and changes in society. With people living longer than ever before, it is getting harder to “grin and bear it” in a lackluster marriage, and people are less tied to ideas of how senior citizens “should” spend their retirement.
With children grown and living on their own, gray divorces do not involve acrimonious custody disputes. However, for well-established couples, there will be extra concern for the division of property and alimony awards. With couples approaching retirement, or already retired, issues of income and savings are critical to both parties’ well-being.
If you or someone you love are involved in a ‘gray divorce’ situation, call our office today to speak with skilled family law attorneys about the best course of action.