The number of couples divorcing later on in life – often known as “grey divorce” – has increased over the past few years.
While divorce can be a challenging process at the best of times, there are added legal difficulties for older couples.
If you’re thinking about separation later in life, here’s what you need to consider.
Why are more people divorcing later in life?
The introduction of “no fault divorce” in 2022 has made it much easier to get a divorce, particularly for couples who plan to split amicably.
Couples no longer need to provide a reason for divorce, and individuals are no longer able to contest a divorce, making it much easier for people to detach themselves from partners who are reluctant to split.
In short, the introduction of “no fault divorce” has removed barriers that may have previously prevented couples from separating.
Shifting societal attitudes towards divorce and older-age relationships is another factor contributing to the increase of grey divorces. Those who may not have wanted to risk social ire may now feel freer to divorce with the burden of social stigma lifted.
Additionally, divorce is now more viable for older women in particular, who are now more likely to enjoy financial independence.
What are the added legal complexities of divorcing later in life?
Divorce has become a much more accessible option for older couples, both practically and socially.
However, divorcing at an older age still adds legal challenges less likely to be faced by younger couples.
- Greater assets accumulated: Older couples are likely to have accumulated more assets than younger couples. This makes dividing up assets more complex, particularly if only one partner holds the majority of the asset value.
- Pensions: Older couples may be nearing retirement or already retired. Therefore, a divorce will require arrangements to be made regarding pension funds, such as pension sharing or lump-sum settlements.
- Wills and estate planning: Divorce and its accompanying financial arrangements will likely mean significant revisions to the couples’ Wills and estate plans.
- Care needs: With average lifespans increasing, it is important to think about how you will fund any future care provision and how you can secure the necessary finances in your divorce settlement.
In addition to such legal and financial considerations, family dynamics can be another difficulty for older divorcing couples.
Older couples may be worried about how to manage relationships with children, in-laws, and grandchildren, particularly if they are concerned about whole family occasions.
Supportive divorce services with Palmers Solicitors
Whether you are filing for divorce individually or jointly, it is strongly recommended that both partners seek independent legal advice.
Even the most amicable separation can come with its challenges, so independent legal representation is vital for protecting your interests.
An experienced family solicitor can help you understand your options, advise on financial arrangements, and explore amicable methods of conflict resolution (such as mediation) to reduce legal costs.
At Palmers, our highly experienced family law team are here to help with your divorce.
Our Fixed Price Divorce Package provides a “no fuss” solution to give you peace of mind at a stressful time.
You will receive a professional, efficient and cost-effective service, with all steps covered from initial instructions through to Final Orders.
If going to court becomes necessary, we will represent you and negotiate for a settlement that best meets your needs.
For tailored advice and guidance on divorcing later in life, contact our Family Law team today.