While ending a marriage is more common in younger couples, the divorce rate among people 50 years old and over has doubled in the past two decades. The reasons are far less melodramatic, with couples noting they grew apart and their past issues have intensified. Calling it quits after 50 is more challenging, as it means splitting up both emotionally and financially. If you are considering divorce at this time of your life, it is important to prepare for the entire process and the challenges ahead. As Lewis & Matthews, P.C. notes, “No one realizes how complicated dissolving a marriage is until one must endure the experience.”
Cooperation and Compromises
To make the process less stressful, cooperation from both parties is necessary. Divorce attorneys note this will also help avoid arguments and make sure both parties are on the same page financially. This may also mean compromising on current lifestyles and life plans to get finances and savings back on track.
Changes and Life Goals
Divorce at this age will make it difficult for you to fulfill some of your life goals. This is because you have to split or divide shared retirement savings with your soon-to-be ex-spouse. It is best to evaluate your ideas from a financial perspective. Do not hesitate to make changes if you cannot afford to achieve your goals. The best thing you can do is to be realistic in funding the things you want in life.
Divorce and Older Kids
Do not assume that your children can deal with pain just because they are old enough to think for themselves. The truth is divorce can be harder on older children. Your kids may find themselves questioning their childhood memories, thinking they were fake or devalued. Some divorcing parents may also turn to their kids for advice and express their feelings about the entire process. Embrace healthy boundaries and talk to a lawyer or counselor for advice. When you are over 50 and divorcing, you should think more about your future instead of dwelling in the past and your loss. While divorce marks the end of your relationship, it can help you build a new life and regain happiness.