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Nearing Retirement and Nearing Divorce: What Do You Do?

Middle aged and older couples are divorcing in record numbers. If you are approaching divorce at the same time as middle age, getting good legal advice is important.

In 2012, a research paper from Bowling Green University sparked discussion of the gray divorce revolution in the United States. Referring to a remarkable uptick in divorce for those in the Baby Boom generation, gray divorce is now a common term for those seeking divorce at older ages.

Here are some key research findings about older divorcing couples:

  • The rate of divorce of couples where one partner is over age 50 doubled between 1990 and 2010.
  • Using data from the American Community Survey (ACS), study authors found approximately one in four divorcing couples in the United States are over age 50.
  • Women are more likely to pursue divorce than men.
  • Remarriage is risky; many second marriages fail.
  • Living longer and less content with emotionally stale relationships, Baby Boomers are seeking intimate connections as they approach retirement and after.

Divorce is economically hard on couples of all ages. For those with less time to rebuild a nest egg, divorce can be devastating. Consider these tips if you are thinking about divorce at mid or later life:

  • Preservation of wealth is essential to your future quality of life. Try to keep your divorce as amicable as possible.
  • Use alternative dispute resolution methods like mediation to resolve financial and other disagreements without the expense of litigation.
  • Ensure you fully understand the tax and social security implications of financial and property agreements.

Any season is a good one for a new start. Seek experienced legal help when ending your marriage in Minnesota and think about a prenuptial agreement to protect assets for adult children if your new start includes a new partner.

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  • "Tori had a thorough understanding of my situation and made excellent recommendations to resolve my concerns. She was persistent on communication and handled everything in a very timely manner. I would definitely hire her again in the future if needed." - M.K.

  • "With Appelhof, Pfeifer & Hart, P.A., it is like having a family physician. They are all knowledgeable, thorough, comforting, and the only call I need to make for all my legal needs for many years to come. No matter what the matter, I totally trust their advice and commitment to me and my family." - J.N.

  • "Mary from APH Law helped me thru a difficult divorce. She and the entire staff was there for me every step of the way helping me on what to do next. They listened to what I wanted and helped me achieve what matter the most to me in the divorce settlement." - Dana C.

  • "I chose APH after my initial consultation with Mary. I felt my best interest would be represented. The entire process went excellent, the attorneys and staff communicated effectively and efficiently with me throughout the process as they needed to. Being new to the legal process and verbiage, they walked me and talked me through the next steps and the jargon, I felt completely comfortable and represented. I hope I never have to use legal services again but if I do I will call Mary at APH Law and know that I will be taken care of." - Jeff M.

  • "Divorce is a time of emotion and stress. Mary Pfeifer , My lawyer was professional and compassionate. She was very informative through the process. Her insight helped me in my decisions. She worked hard to obtain a settlement which was fair to both parties. Though, I hope I won't need her help again. It is reassuring to know a good person that is willing to help." - Rod S.

  • "I first came to Ms. Jacquelyn Lutz of Appelhof, Pfeifer and Hart in October of 2016. It was definitely the worst time in my life and she compassionately spoke with me about my options. Ms. Lutz thoroughly explained the laws, statutes, process and what to expect going forward. What was supposed to be one case, turned into three intricate cases that took a huge toll on me and my family. Ms. Lutz represented me in court on all three cases with a vast knowledge of the laws and how to proceed accordingly. During all three cases she kept me informed, calm, gave me resources to utilize, and (most important) gave me a realistic view of what may come next. Ms. Lutz knew each case required a great deal of knowledge and creative thinking on how to legally proceed forward with each case. My family and friends are forever grateful for the amazing representation by Ms. Lutz. I highly recommend Ms. Lutz for anyone needing or considering superb representation for any kind of family law. " - M.H.

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