The number of people over 50 years of age filing for divorce has been increasing in recent years. It has become so prevalent that the term “gray divorce” is now used to describe such divorces. There are many reasons for this trend. Increased longevity, more social acceptance of divorce and the increase of both spouses working and being more financially independent are all likely factors contributing to couples over 50 years of age filing for divorce.

All divorces, including those of people over 50 years old, have to address numerous issues such as support and equitable distribution of the marital estate. When drafting the property settlement agreement, it is always a good idea to plan ahead to such things as retirement and health insurance. These issues become that much more important, though, the older we get. There are also additional concerns and issues that may arise more frequently when dealing with aging parties.