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Posts tagged "gray divorce"

Richmond Virginia Family Law Attorneys Video

Jennings and Jennings approaches family law cases on an individual basis. For representation, contact an attorney in Midlothian, Virginia at 866-655-3982. http://www.jenningsandjennings.com

Baby Boomer divorce on the rise in the U.S.

As the Baby Boom generation is slowly getting older, American perspectives have changed. The Baby Boomers have been setting trends and expectations for the country since the boom first started and the generation's foray into gray divorce, or divorce over the age of 50, has been instrumental in redefining what it means to be a divorcé(e).

When many people in Richmond think about divorce, they think of younger couples, couples that haven't been married but five years, but there are an increasing number of Baby Boomers who are getting divorces. The longer a couple has been married, the less likely they are to get divorced, but a new study has found that the number of people 50 years or older who are getting divorced has doubled between 1990 and 2010. It is also noteworthy that during that 20-year period that the divorce rate has declined slightly. While it is true that the number of people who are older than 50 increased during the time, there were still 400,000 more gray divorces in 2010 than in 1990.

Virginia baby boomer divorces on the rise

A recent study details how divorce is becomingly increasingly popular for aging baby boomers and senior citizens in Virginia's Fairfax County. The report detailed that in a 20-year period, between 1990 and 2010, the divorce rate almost doubled for people ages 50 and older. This age group now accounts for almost 25 percent of divorces.

The ever-increasing trend of older and older populations divorcing has dubbed Fairfax County "the divorce capital of Virginia." Much of the increase can be understood because of shifting cultural mores. When these couples were younger, they may not have felt comfortable divorcing because of the cultural stigma of divorce in Virginia in the 1960s, 1970s and 1980s. Now that divorce is a culturally acceptable action, more people are choosing to leave unhappy marriages than ever before.

As boomers divorce, finances play a big role in settlements

While many people may assume that it only the younger generations that are divorcing, statistics show that one in four divorces are actually between baby boomers. As more boomers are divorcing, retirement and dividing marital property become an increasingly important focus of divorce lawyers. It is important that many baby boomers remember that an equitable divorce settlement is essential to being able to retire with enough money to survive.

Using a team of divorce professionals is a good way to protect your rights to your share of marital property. While many people in Virginia may think that means working with just a family law attorney, there are a slew of different professionals that can help. This often means working with accountants, real estate agents, career counselors, financial planners and mediators. The complexity of divorce, especially with retirement on the horizon, makes it nearly impossible to tackle alone.

Factors contributing to later-in-life divorce

While some people in Virginia may assume that divorce is for the young, the evidence is clear -- later-in-life divorce or "gray divorce" is on the rise. It may be surprising, but there are many older couples in Richmond and across the United States that are working with family law attorneys to craft innovative divorce solutions to end their marriages. But, many of the contributing factors leading to gray divorce are the same factors leading to divorce at any age.

A common thread in divorce and separation is infidelity. When AARP took a poll of its divorcing members in 2003, 27 percent of divorcés between the age 40 and 69 listed cheating as a contributing factor to their divorces. A similar survey of divorce lawyers was performed just last year and one-quarter of all divorce attorneys said their clients' infidelity or a spouse's extramarital affairs as the reason for the divorce.

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