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More elderly individuals are heading for divorce

| May 18, 2016 | Divorce

Over the past decade, the divorce rates have remained steady around the country and may actually be declining for the most part. One of the main reasons is because people in Minnesota and throughout the U.S. are generally waiting longer to get married rather than diving into a relationship.

However, it should be noted that the divorce rate among people who are at or over the age of 50 is increasing. The rate for such couples in 2014 was roughly double that in 1990. Life expectancy may be a major contributing factor, as older couples may decide they do not want to spend what could be years in an unhappy marriage. Another reason that older couples may decide to get a divorce is that more women are economically stable. Many women have their own financial resources that allow them to make the transition from married life to being single more readily.

The divorce rate among older individuals, particularly those who are over the age of 65, may also be due to the fact that many are on their second marriage. Blending families and finances can be difficult and may lead to relationship problems.

Ending a marriage after a couple has been together for decades can be very difficult, especially if they have obtained a significant amount of property and financial assets during the course of the marriage. If they can communicate with each other, then an uncontested divorce that is preceded by a comprehensive settlement agreement negotiated with the assistance of their respective family law attorneys may be a way to keep costs down and end the process in an expeditious manner.

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