Increasingly, older adults are opting for independence by ending unsatisfying marriages in a trend known as “gray divorce.” This shift is driven by changing social norms, the destigmatization of divorce, and the realization that decades of unhappiness are not necessary.
Gray divorces present unique complexities:
- Asset Division: Couples aged 50 and above often need to divide significant assets, such as retirement plans. A divorce lawyer versed in complex property, federal laws, and survivor benefits is essential.
- Social Security: Discussing Social Security benefits becomes crucial for divorcing couples nearing retirement. A divorced spouse may qualify for an amount equal to half of their former spouse’s benefits if the marriage exceeds ten years and the applicant is at least 62, significantly affecting retirement income planning.
- Adult Children: Family counseling can prevent emotional burdens on grown children, shielding them from being “in the middle” during this challenging time.
Gray divorce offers a chance for a fresh start. If considering a gray divorce, consult a family law attorney skilled in handling complex finances, protecting assets, and preserving family relationships during this transformative journey.
About the Author
Esther R. Donald, a renowned Collaborative Divorce lawyer, guides couples through “gray divorces” with a keen eye toward protecting high-net-worth assets and accommodating the needs of grown children. She’s a leader in the field, serving on the board of the State Bar of Texas Collaborative Law Council.
A partner with Goranson Bain Ausley, Esther has received numerous accolades, including listings in “Top 100: Dallas/Fort Worth Super Lawyers” and “Top 50 Women Texas Super Lawyers.”
Visit our website to learn more about Esther Donald.
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