What are the primary issues of concern in a Louisville gray divorce? One of the first substantial studies to focus on this issue was “The Gray Divorce Revolution: Rising Divorce among Middle-aged and Older Adults” by Susan L. Brown of Bowling Green State University. An updated Bowling Green State University study in 2021 found gray divorce rates had tripled in the 30 years covered by the study (1090 – 2021). A recent Evergreen State University (Olympia, Washington) paper noted: “If you are a healthy 65, you can expect pretty good health for the next 20 years. Once the kids are gone, it is much easier for (these) parents to move on from a bad relationship, or even one that has gone stale.“
Here at Dodd & Dodd Attorneys, PLLC, we have also observed a substantial increase in the number of these cases recently. However, the issues of concern in a gray divorce can be quite different than many other divorces here in Louisville, and throughout Jefferson County and the surrounding communities. While some gray divorce cases involve a relatively short marriage, most represent a union of 15 to 20 years or longer.
When a marriage lasting longer than 10 to 15 years ends in a Kentucky divorce, concerns often focus upon spousal support or maintenance, the ownership of a business or professional practice, and/or the division and management of pension and retirement accounts, not to mention the impact of taxation upon many of these important decisions. There is often much more at stake for each party in a gray divorce, and this is why it is important to work with the experienced and proven divorce and family law attorneys at Dodd & Dodd. Founded over 150 years ago in 1869, our firm continues to provide dependable insight, advice, and counsel for our clients.
What are some of the most challenging issues you will face? What are some of the proven strategies that will help to protect your interests at every step of the process? What do you need to know about ensuring sound decisions while managing the impact of stress and the often strong emotions of the gray divorce process?
There used to be a significant amount of stigma associated with divorce 50 years ago. This is no longer a factor for those considering a divorce above the age of 50. The focus these days is to protect our clients’ goals and objectives while helping them balance concerns about health, quality of life, and financial issues.
The central issues of concern in a Louisville gray divorce often involve substantial amounts of money, the continuation of access to health insurance and existing providers, protection of business and retirement assets, as well as the equitable division of marital property. Let our experienced attorneys answer your questions and provide insight regarding the concerns that keep you up at night.
We invite you to review the strong recommendations of our former clients and the legal industry and contact Dodd & Dodd or call 502-584-1108 to schedule an appointment with one of our attorneys.
