Hartley Law Office, LLC

Hartley Law Office, LLC

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April 2018 Archives

Gray divorces can lead to financial challenges

The divorce rate for couples over the age of fifty has doubled since the 1990s. Divorcing later in life can create unexpected financial challenges and can also shift financial decision-making to a spouse that is not accustomed to making those types of decisions. The impact of gray divorce, as the phenomenon of couples divorcing over the age of 50 is referred to, illustrates the importance of spouses being familiar with their overall financial picture.

Be careful when timing a divorce based on financial factors

Sometimes ending a marriage is a decision Dayton spouses make based solely on emotional considerations. Other times, however, other factors have to be weighed carefully, particularly financial ones. Some may base the timing of the actual divorce filing around financial milestones, even after they've decided in their hearts to seek a divorce. However, it is important to make sure those considerations are fully understood.

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