As individuals near retirement age rebuilding financial security can be challenging.
The average age at divorce has seen an increase over the past decade and currently sits around 46 years old. The phenomenon of couples divorcing later in life has come to be known as “Grey Divorce” and is attributed to changing societal norms and increasing life expectancies.
At Jones Divorce and Family Law we are familiar with the unique challenges an aging client faces when it comes to the breakdown of their long-term marriage. Grey Divorce has significant financial implications as parties have been building their financial portfolios for decades and many are preparing for life on a fixed income as they near or enter retirement. Also, parties are forced to determine what will happen to their family homes and other property they have had for years which can have a significant impact on their emotional wellbeing. Another unique perspective to Gray Divorce that lawyers must consider is the overall health of the parties and what unique challenges they might face in both the near and distant future.
Why Is There A Rise In Grey Divorces?
Empty nest syndrome – When children leave home, it often leads to a profound change in the parents’ lives. This shift can expose underlying marital issues that were suppressed or ignored during the child-rearing years, leading to marital dissatisfaction.
Longer lifespans – As life expectancy increases, so does the time couples spend together in the retirement phase. The prospect of spending 20 to 30 years in an unhappy marriage prompts more seniors to consider divorce a viable option.
Growing apart – Often, in Grey Divorces, couples realize they’ve grown apart or lost their initial spark, and with diminishing societal stigma around divorce, they see it as the best path forward.
Infidelity – Baby Boomers’ inclination towards individualism and personal happiness can contribute to infidelity, a significant driver of Grey Divorce, especially in an era where infidelity carries less stigma.
How Jones Divorce & Family Law Can Help
The lawyers at Jones Divorce & Family Law can provide invaluable support and guidance during the process of a Grey Divorce. Our skilled and experienced divorce lawyers understand the intricacies of family law in Calgary and can advocate for your rights and interests. We can navigate complex legal procedures, negotiate on your behalf, and ensure your voice is heard in court, if necessary.
By partnering with one of our trusted lawyers when going through a Grey Divorce in Calgary, you can gain peace of mind, knowing that you have a dedicated professional by your side, working tirelessly to achieve the best possible outcome for your family.