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Grey divorces in Texas

Based on a study done by the National Center for Family and Marriage Research at Ohio-based Bowling Green State University, divorce for individuals who were 50 or older, also known as grey divorce, was twice as common in 2014 compared to 1990. There are a variety of possible reasons for this dramatic increase, but many experts believe that empty nest syndrome and the fact that divorce is much more acceptable are two of the most likely explanations.

There are growing numbers of people who are ending their marriage later in life, and a divorce can be a very different experience for older individuals than for younger couples. People getting grey divorces are usually less concerned about issues related to child custody and child support.

However, asset division and alimony can be huge sources of concern for people who get a grey divorce. Individuals have less time to rebuild retirement accounts when they divorce at an older age, and alimony can be daunting for someone who is expecting to retire in the near future. Additionally, people will also have to acclimate to only having one income when they may have grown accustomed to having two sources of revenue.

Issues in divorce may be very different depending on the individuals in question. Some people may be more focused on property division while others may be most interested in if alimony is awarded and how much they will be paying or receiving. Additionally, while there are laws in place that help determine how issues are decided, judges tend to have significant leeway when making decisions. In some cases, estranged couples are able to negotiate settlement agreements with the assistance of their respective attorneys.

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