Approaching your 60s, 70s and 80s is supposed to be about preparing for and then settling into retirement. However, like many other Pennsylvania Baby Boomers, you might be gearing up to tackle something a little different -- divorce rate. Splitting up at this age can be difficult, though, so you should be prepared to tackle unique obstacles as they come.
It is not all bad news, though. Divorce at any age can have a significant impact on a person's life, so you are not necessarily at an unfair disadvantage when ending your marriage. Indeed, there may even be some aspects of your divorce that are easier to deal with than if you had decided to call things off when you were younger.
I thought the divorce rate was declining?
It is true that America's divorce rate is actually slightly lower than it was between the 1970s and 1980s. This is the overall rate, though, meaning that some generations might have higher or lower instances of divorce. Starting in 1990, Baby Boomer divorce rates began to climb, doubling by the time 2010 rolled around. A quarter of all divorces is now "gray," which means that the involved couples are aged 50 or older.
There are a number of factors behind this gray divorce increase. Not only are there 74.6 million Boomers in the U.S., but they also have a longer life expectancy than past generations. Combine their sheer numbers and longevity with constantly shifting ideas regarding what a marriage should be, and a rise in divorce might seem obvious.
Will it be too hard to divorce now?
As a Baby Boomer, you have a few things going for you that might actually make divorce easier. You probably will not have to deal with issues like child custody or support. While you might have to manage your time more carefully with your adult children and grandchildren, you probably will not need a court order to do so.
Another thing playing to your advantage? Believe it or not, your age. At this point, you can probably bring far more perspective and maturity to the process than when you were younger.
Don't leave things up to chance
While certain aspects of a gray divorce might be easier than splits between younger couples, you should still watch out for a few things. If you are nearing or already in retirement, you know that you have less time to recover from any type of financial impact. You must stay vigilant throughout your divorce, particularly in regard to division of assets.
Pennsylvania family law can seem overwhelming and complicated, making even a much-needed divorce seem out of reach. However, when divorcees choose to work with an experienced attorney, most can be sure of the respect for their best interests throughout the process.