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High-profile split shows that men should be aware of gray divorce

| Sep 26, 2019 | High-asset Divorce

The divorce of a former director of the Federal Bureau of Investigation, arguably the most important law enforcement officer in the country and perhaps even the world, and his wife of over 60 years has put renewed focus on the phenomenon of gray divorce.

On the whole, Americans are splitting at a rate slower than in decades past. Many Millennials, for instance, are more likely to never marry at all in lieu of going through a split. However, among those over 50, more and more couples are getting divorced. In 1990, five out of 1,000 couples over 50 divorced. By 2015, this number was 10 out of 1,000.

Gray divorce presents a different set of issues than divorces and legal separations involving younger couples. On the one hand, older couples may be less likely to have minor children in common, although this is certainly a possibility. Without minor children, the couple will probably not spend much time, if any, dealing with child custody and child support.

On the other hand, an older couple is more likely to have a lot of assets which they may have accumulated together over the course of decades. On a related point, the stakes are often higher when dividing property simply because both parties realize that they may not have a lot of time to recover from the financial fallout of a divorce.

Finally, in a minority subset of cases, there may be some question as to whether the person filing for divorce is even mentally or physically competent to do so.

Men in the Omaha area who are facing a gray divorce may have a lot of legal questions. They may also have some important issues to resolve. An attorney experienced in Nebraska family law can be helpful in this respect.