The Grey Divorce

Understanding The Grey Divorce Phenomenon

As the baby boomers age and their marriages fall apart, unique issues must be dealt with in the divorce. The “Grey Divorce” is relevant to a marriage in which one or both of the spouses is 55 or older.

Social Security And Long-Term Marriages

If the marriage lasted more than 10 years, considering claims against a spouse’s social security becomes crucial. Social security planning should be a focal point during divorce discussions.  

Property Settlements And Financial Solutions

Funding a buyout of a property settlement using a reverse mortgage can be an effective strategy for older adults.

Retirement And Spousal Maintenance Concerns

If spousal maintenance is an issue, then the date that is reasonable for the payor to retire is often litigated.

Estate Planning And Adult Children

Estate planning for the adult children can often play in to some agreements between the spouses to settle these matters to their satisfaction.

Healthcare Considerations In A Grey Divorce

If the parties have not yet become eligible for Medicare, continued health insurance becomes a very important issue, especially with the current high cost of health care.

Maximizing Financial Outcomes

Be sure to discuss all the above issues with your divorce attorney and accountant to maximize the monies available to both parties at the end of your marriage. For further questions regarding grey divorce, contact a Divorce Attorney at Bosshard Parke to schedule a consultation for your unique needs.