If you are preparing to file for a divorce or find yourself involved in the middle of this process as an older adult, you could have many different hurdles to work through. By dealing with these issues properly, you could increase your chances of a favorable end result with respect to various divorce-related matters, such as property division and alimony.
Also, remember that many older adults get a divorce every year, and you should not feel alone.
Data reveals the prevalence of divorce among older adults
The U.S. Census Bureau states that 39% of those between 65 and 74 had gotten a divorce, based on 2016 census data. In comparison to the general adult population, the divorce rate for people in this age group was higher. Furthermore, 24% of those 75 and older had gotten divorced at some point.
In addition, the Census Bureau says that in recent decades, divorce has become more common among adults over 50. The 2016 census found that 43% of men and women between 55 and 64 had experienced a divorce during their life.
Challenges some older adults face during divorce
Ending a marriage later in life can present unique challenges, not only from a financial viewpoint but also with respect to one’s emotions. For example, you could have questions and concerns regarding your estate plan, taxes, income and ability to live independently. Moreover, you could have a hard time coming to terms with the fact that your marriage is ending, especially if the marriage has lasted for decades. Some people worry that they will struggle to adjust to life without their spouse, even if the marriage is not working out. Some older adults also feel hesitant to get divorced because their children and other family members pressure them to stay in the marriage.
It is important to address these concerns and understand your options. Make sure you review strategies to make your divorce easier and address any areas of uncertainty.