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What hurdles are specific to gray divorce?

| May 31, 2019 | Family Law |

Wisconsin residents who decide to get a divorce at an older age are often called “silver splitters” or “gray divorcees”. This name implies that you will face challenges that separate your divorce from people who divorce at a younger age, but how true is that? Are there unique hurdles that only gray divorcees face?

Forbes takes a look at some of the main challenges an older divorcing couple may face. Many of them revolve around finances and assets, such as retirement funds or savings. This is because many people at your age are already retired or will retire shortly. Because you have already gone through your time in the workforce, you do not always have the means to make up lost savings or other assets.

There is also the matter of health insurance, which you could lose if you do not have insurance outside of your spouse’s. This can be particularly problematic for those of older age, as you will likely run into increased health problems that will cost more money.

The stability of your family can still be threatened too, which may come as a surprise to those who believe only younger children are heavily impacted by divorce. In fact, in some cases, adult children will handle a divorce between their parents even worse than their younger counterparts might. This can be exacerbated by the fact that they have their own lives to live while also dealing with the stress of your divorce.

Because of these hurdles, you may want to talk to an attorney about what to expect and what your potential options are. Having an idea of what might be coming can help you decide what your best options for action are.