Margaret Gettle Washburn, P.C.
(770) 676-1191
Habla español, por favor pregunte por la señorita Alex.

Divorce and older Georgia couples

The number of individuals who divorce when they are 50 or older has increased significantly in the last few decades, and the number is even greater for those who are over 65. A study completed by the National Center for Family and Marriage Research at Ohio-based Bowling Green State University indicates that the rate of these so-called "gray divorces" doubled between 1990 and 2014.

Divorcing later in life can lead to some significant financial issues for people. The closer that people are to retirement, the less time they have to replenish retirement accounts that may be depleted by asset division. Further, with retirement assets reduced, people may have far less money to live on than they expected to, which can derail their plans.

People who divorce when they are older may have to keep working longer than they planned or return to the workforce after they left it to make ends meet. Individuals in this situation may also find that they need to downsize their expectations for retirement, and this may involve anything from less travel to selling their home.

Divorce often involves dealing with a number of contentious issues no matter what age group the parties are in. While older individuals may not be as concerned about things like child custody, most divorces involve splitting up assets during property division and deciding if one spouse is obligated to pay alimony. Issues related to a divorce can be handled on their own, but if a couple cannot come to an accord, the matters will need to be decided in court unless their respective attorneys are successful in negotiating a settlement agreement.

No Comments

Leave a comment
Comment Information

Tell us your story

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

Margaret Gettle Washburn, P.C.
4799 Sugarloaf Pkwy
Building J
Lawrenceville, GA 30044

Phone: 770-676-1191
Fax: 770-963-2828
Lawrenceville Law Office Map

facebook twitter Google Plus