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What are some considerations in a gray divorce?

People who are older might think that the marriage they've been in for decades is going to last forever. Sadly, some people find that this isn't the case. When a person who is older than 50 gets a divorce, it is known as a gray divorce. In these cases, there are some specific considerations that they need to think about at the end of the marriage.

While you don't have to worry about things like child custody or support, there are some other factors that are going to come up in these cases. Here are a few things for you to think about if you are going through a gray divorce:

What's going to happen to your financial stability?

Your financial stability is about to be shaken. Gray divorces are more likely to include alimony payments because the marriage was likely long. You might also have to split the retirement accounts with your ex. Trying to keep the house might be tempting, but remember that you will have to give up some other assets to do this so make sure that you are thinking carefully about this now.

How can you move on socially?

With a marriage that has spanned decades, you and your ex likely have the same social circle. You might decide that you are going to branch out to find new people to hang out with. This is an important step in the right direction, but make sure that you aren't moving too fast. Even if you are interested in kindling a new romance, don't do this until the divorce is finalized. This gives you the opportunity to focus on ending one chapter before beginning a new one.

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Law Offices of Rodger C. Daley

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