We marry with the best of intentions to stay together “until death do us part.” However, many couples in Kentucky find that their marriage is unsatisfactory and decide to divorce. This is fact is becoming increasingly common for people who have been married many years and now are in their 50’s 60’s or older.
A “gray divorce” is a divorce between couples who are older. Oftentimes their children are grown and out of the house and they may be nearing retirement or retired already. They understand that they still have many good years left and want to spend those years happily, even if that means divorcing. The following are two issues those facing a gray divorce will want to consider so they can move forward in a constructive manner.
Understand where your income is coming from
If you are younger and working the daily nine-to-five job, you will generally continue to work that job after your divorce. You may also be receiving or paying child support, if you have children, and you may receive or pay alimony.
However, if you are retired your sources of income look different. You will be relying on the fair division of pensions, 401(k)s, IRAs, Social Security benefits, savings and investments to meet your financial needs. Dividing these benefits in the divorce process can be complicated, and many choose to seek help with the property division process to ensure it is fair.
Discuss your situation with your family
Just because your children are grown does not mean your divorce will not affect them. While issues such as child custody and child support are irrelevant if your children are adults, they are still your children, and your divorce will affect them.
It is important to discuss your split with your adult children in a way you deem appropriate. A parental divorce can impact an adult child’s emotional and social well-being so it is important that they understand why you are divorcing and what your post-divorce life will look like. This can help your children accept the divorce and formulate their role in your post-divorce life.
A “gray divorce” can lead to a brighter future
There is no reason why you must stay in an unhappy marriage when you have many good years ahead of you. This is true whether you are a young adult or are in your 50s or 60s. Those going through a “gray divorce” face unique divorce issues compared to their younger counterparts, and often choose to seek help to help them navigate the legal challenges of their dissolution.