Schwam-Wilcox & Associates, Attorneys and Counselors at Law
While You're Going Through Your Worst, We Are At Our Best
407-982-2714 | 888-337-5886
Se Habla Espanol
Evening appointments available for Clients
from 9:00pm to 11:00 pm

More Florida baby boomers divorcing

According to the American Academy of Matrimonial Lawyers, more baby boomers are deciding to end their marriages. The Academy surveyed 1,600 members and discovered that 61 percent said they'd noticed an increase of clients over the age of 50 wanting to end their marriages. The lawyers in the study also said 22 percent of wives initiated the divorce proceedings. Overall, the national trend of marriages ending is down. However, according to the National Center for Family & Marriage Research at Bowling Green State University, this rate among baby boomers has nearly doubled.

AAML president explained the significance behind the new data. Baby boomers are known to be a catalyst for social change. So, pursuing a divorce when there are over 50 years old appears to be another trend.

Ending a marriage after the age 50 is creating some financial challenges. According to the AAML president, business interests, alimony and retirement accounts are the main concerns of divorcing baby boomers. These assets usually do not come into play for younger individuals who decide to divorce.

The new trend in baby boomers ending their marriage is called a grey divorce. Regardless of the age of an individual seeking a divorce, they usually hire a divorce lawyer to end the marriage. A lawyer may look at the facts in the case to determine if it is a fault or no fault divorce. He or she may also negotiate with the other spouse on how to divide assets like retirement accounts and property. If no divorce settlement can be reached, the lawyer may represent his or her client in court to resolve the divorce issue.

Source: Huffington Post, "Gray Divorce Is On The Rise, According To New Data", June 12, 2013