People over 50 more likely to have divorce-related issues

In Maryland or across the nation, divorce is always a difficult scenario to contend with. When a well-established marriage ends, however, divorce-related issues can become much more complicated. Recently, a study indicated that there has been an increase in the number of people divorcing over the age of 50.

According to the study, divorces for the baby boomer generation are suggested to be consistently on the rise. A survey given to a large collection of family lawyers demonstrated that a little over half of the lawyers handled a sizeable increase in the number of cases involving couples over 50. Though the cause of the elevated number of divorces was not revealed, the study did indicate that wives only initiated the split in a minority of cases.

Most significantly, though, the study points out that marriages ending around this age are generally more taxing than divorces that occur for younger people. For example, individuals divorcing at this age are shown to have a more stressful time managing the financial issues that will often arise. The article concluded that the rate at which baby boomer marriages are ending is significantly higher than it was in recent years past.

These broken unions can easily split close families and friends once brought together. From a financial standpoint, marriages that have been established for a long time also often carry the potential for many more divorce-related issues to emerge if suddenly broken. In Maryland, seeking assistance and learning more about the complications that arise from the division of assets could make the financial aspects of the divorcing process a great deal less strenuous.

Source: Huffington Post, “Gray Divorce Is On The Rise, According To New Data,” June 12, 2013

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