A gray divorce refers to a divorce involving a couple where both parties are over 50 and they do not have any minor children. The divorce rate for this demographic has doubled in the last three decades, more than almost any other demographic.
There may be many reasons for this—longer lifespans, divorce becoming less taboo, etc. But whatever the reason, gray divorces are on the rise.
These divorces tend to be longer marriages—but not always. The focus of these cases is on dividing the parties’ property and ending the marriage.
What makes a gray divorce unique is that the property division often involves much more long-term assets and is being done with an eye toward retirement. At the time of the divorce, both parties are likely considering what they need to do to be able to retire.
This may require looking into how you will have health insurance until you are Medicare eligible, and what you might be receiving in Social Security now that you are getting divorced.
Gray divorces are also more likely to feature spousal maintenance as an issue. In the case of a long marriage, the parties are likely going to split everything they own, including retirement assets. So they could be in very similar place financially.
If they are both retired and each receiving the same amount of assets built over a longterm marriage, then spousal maintenance becomes less likely. But if they are in their fifties, and one of them earns significantly more than the other, spousal maintenance is likely to be an issue. And if lesser-earning spouse needs time to become self-sustaining, an award of spousal maintenance becomes much more likely.
Our award-winning team of professionals deliver the outcomes our clients need.
Any issue or question I have has always been answered. I am super grateful to Jillian because I feel like I have someone by my side 100% of the time.
Throughout this entire process, everyone at the firm treated me with the courtesy and respect that you would extend a lifelong friend, and for that humble gesture I shall remain forever grateful . . .
The best at what they do! Im so impressed by the knowledge Stephen has off the top of his head. The whole crew is amazing . Would highly recommend them.
I've never met such a passionate, organized, and responsive group of attorneys. Family law matters can be emotionally and legally challenging but this group stands out as the place to go to get great help
The team that works here is professional, timely, and has your best interests at the root of every decision. They work tirelessly and have an amazing array of experience to act on your behalf...needless to say, they’d always be my choice!
Highly recommend this firm for family law disputes. The efforts that they put forth to a case are some of the best that you can get, but they also know how to really work with a client and make it feel like a team atmosphere
I know some of the lead attorneys at State 48 Law Firm, and have complete faith and trust in their knowledge and professionalism. I would trust them implicitly, with my own legal needs.
Excellent team of attorneys. Everyone has a wealth of experience and a great depth of legal knowledge. I would highly recommend this firm to anyone.
I can't recommend State 48 Law Firm enough. They have a great team of experienced attorneys, although I highly recommend Bryce Johnson! He has a wealth of family law knowledge and will fight for you.
I've known and worked with State 48 attorney Bryce Johnson for several years and know him to be a considerate and tactful attorney who fights tooth and nail for his clients. I would recommend State 48 for your family law needs!
Everyone at State 48 Law Firm is great! Jillian Hansen will take the time to educate you about the process while showing empathy for the situation.
State 48 Law includes a very experienced team of lawyers who will work tirelessly for you. I would recommend their team, and specifically Bryce Johnson, to anyone.
During one of the most difficult periods in your life, it is imperative to find a lawyer and a law firm, who can look after your interests.
I’ve worked with this Team before & can’t say enough about their professionalism & constant communication. Highly recommend State48 for anything family law.
Ankita takes her time, is very responsive, and shows that she does care. You don’t usually find that compassion in a lawyer. I can’t thank her enough for helping us through our case and I highly recommended her!