Is it easier for seniors to get a divorce?

Experts say the trend makes sense. When seniors divorce, it tends to be less acrimonious, and, with people living longer, they don’t want to spend their retirement years in an unhappy union. “It’s certainly easier when there are no kids or custody issues involved.

Can you get a divorce after 20 years of marriage?

But divorce is still divorce, and splitting up after decades has its own set of complications. “All of a sudden, you’re in a 4,000-square-foot house by yourself, the AC isn’t working, and for 20 years you’ve relied on this guy to take care of it,” says Biordi.

What’s the divorce settlement for Ken and Jan?

Marital Profile: Ken and Jan have been married for five years and have no children. They both entered into the marriage with established careers, earning similar salaries. Divorce Settlement: The marital assets are split 50/50 between the spouses. There is no spousal support or child support.

What’s the divorce settlement for Grace and Bill?

Marital Profile: Bill and Grace have been married for 16 years with two teenage children. Grace has been a stay-at-home mom for fourteen years; Bill has an executive position and earns a six-figure salary. Divorce Settlement: Grace is awarded the marital home and all equity in the home.

What happens to Your House after a divorce?

· One possibility is that, if the property is already in joint names, it remains in joint names, but the order will allow one spouse to live there to the exclusion of the other. Here again, the order will provide for the property to be sold at some time in the future, followed by a division of the proceeds.

How does a divorce affect your retirement plan?

(Getty Images) Divorce during your retirement years, often called gray divorce, can complicate your retirement plan. Retirement assets may need to be divided, and alimony could be granted after a long-term marriage ends. Here’s how to cope with a gray divorce: Find out if your Social Security payments will change.

How to deal with a gray divorce in retirement?

Here’s how to cope with a gray divorce: Find out if your Social Security payments will change. Determine what retirement benefits you are entitled to. Consider whether you need to hire a lawyer. Be prepared for the possibility of alimony. Decide if you will keep the house. Be prepared to divide household goods. Communicate with your adult children.