Why are more Baby Boomers divorcing?

On Behalf of Laura E. Shapiro

- Updated

Baby Boomers talking about divorce

Though divorce rates are decreasing for younger adults, a new study by the Pew Foundation tells us that so-called "gray divorce" is increasing.

For adults 50 years of age and older, the divorce rate has nearly doubled in the past 25 years, according to Pew's research.

Now, the rate of divorce for married people over 50 is 10 in 1000, which is double what it was in 1990, and among those 65 and older, the rate has tripled.

Important Guidance for Couples Navigating High-Asset Divorce

On Behalf of Laura E. Shapiro

- Updated

A pile of maps

While there are many different reasons that a couple might wind up getting divorced, even the most amicable of divorces can become complicated if there is high net-worth involved.

There might be multiple properties to allocate, a family business that must be divided, and investment portfolios that must be addressed.

This process becomes even more complicated if there are children involved.

As a result, couples with significant assets should keep a few legal tips in mind to ensure that they minimize the cost of the divorce process and obtain a fair divorce settlement.

How parents of children with disabilities can handle divorce

On Behalf of Laura E. Shapiro

- Updated

Father with child on his shoulders

As parents, we do so much for our kids. If you are a parent of a child with a disability or special needs, you understand that often the willingness to do something for your child turns into a necessity.

Sometimes parents are willing to make a broken marriage work for the sake of their children, but if your marriage is beyond reconciliation, you may be thinking about divorce.

If you are a parent of a child with a disability and are thinking about divorce, consideration for your child's needs will be at the forefront of issues to resolve before your divorce is finalized.

Specific arrangements for long-term care, education and financial support need to be made for your child beyond the age of 18.

Gimmick wedding dates more likely to divorce

On Behalf of Laura E. Shapiro

- Updated

Heart ballon floating into the sky

Did you know that marriages occurring on Valentine's Day or special number days like 12/13/14, etc. are more likely to fail than a wedding on any other random date?

Economists from the University of Melbourne published a report which indicates their study found weddings on date fads are five times more likely to crumble.

Couples who married on Valentine's Day were 11 percent more likely to divorce by the time they reached the five-year mark.

Remaining financially secure during divorce

On Behalf of Laura E. Shapiro

- Updated

piggy bank

Divorce comes with many hurdles and things to consider, especially if you made the decision (mutually or individually) around the holidays.

You are not alone.

The end of the year not only represents holiday stress and cheer but also assessment of years' gone by, reflection and starting anew with the pending New Year.

What is legal separation?

On Behalf of Laura E. Shapiro

- Updated

Man signing document

When couples start to think their marriage is near its end, sometimes they move to separate homes. This physical separation is not a status change in the eyes of the law.

Legal separation is a process that recognizes a new marital relationship and allows for continuation of some benefits while officially separating most financial and caregiving elements.

Four mistakes women over 50 make during divorce

On Behalf of Laura E. Shapiro

- Updated

Shapiro Family Law Logo

Divorce for those over 50 (often called "gray divorce") is becoming more and more common. However, as older couples split up, it can pose a serious threat to their financial security.

This is particularly true for women.

So what should you do to protect your future? You can start by avoiding these four common mistakes:

Keeping the house through a divorce

On Behalf of Laura E. Shapiro

- Updated

Shapiro Family Law Logo

Divorce is never easy, but at least financial assets can be split using general math.

When it comes to property, how do two people who lived in one house reach agreement?

Even after you've decided who will live where, there's still the matter of house payments and value.