Due to precautions related to COVID-19, we have expanded our options for remote consultations. Please contact our office to discuss whether a full phone consultation or video conference is appropriate for your situation.
Law Offices of Mark Abzug, PA
Protect Your Rights. Get Answers. Call Today. 954-753-1003
2801 University Drive Suite 203
Coral Springs, FL 33065

Posts tagged "Grey Divorce"

Grey divorce brings changes for retirement

A study from Bowling Green University's National Center for Family & Marriage Research revealed that more couples are divorcing later in life. As many Florida residents may already know, this can be attributed to longer life spans and a more liberal acceptance of divorce, among other factors. Regardless of when a couple decides on the dissolution of marriage, the ramifications can drastically alter the future plans of each individual. Couples who are going through a divorce later in life have different aspects to consider than younger couples deciding to separate. One of the more challenging aspects of grey divorce is the dividing up of financial assets that have been earned and co-mingled over a longer period of time. And retirement goals can be drastically altered in a grey divorce as well.

Growing old together not in the cards for some seniors

As the Baby Boom generation heads off into the sunset, more than a few boomers have decided that they want to go alone. Grey Divorce is on the rise. Bowling Green State University in Ohio reports that the divorce rate among 46 to 64 year-olds has jumped 50 percent in the last 20 years. Compare that to the Summer of Love in 1969 when the senior divorce rate hovered around 13 percent. One Florida attorney who specializes in grey divorce says some of his clients say they have "had enough" of their spouse and want out of the marriage.