The number of couples under 50-years-old who are ending their marriages have leveled off over recent years. However, the divorce rate for spouses over the age of 50 has more than doubled since 1994. Unique issues are present in any given "grey" divorce, especially with property division and what these couples face after their marriages end.
Ending a marriage is an unwanted possibility for 40 to 50 percent of all couples in this country. There are ways to make divorce less painful, however.
Amazon's billionaire CEO Jeff Bezos and his wife recently announced their divorce and it may be very costly. Their state of residence is Washington which, like Louisiana, is a community property state where the couple equally splits any assets earned during their marriage. Because he did not have a prenuptial agreement, property division may cost Bezos half of his $136 billion fortune.
Ending a marriage can sometimes bring out the worst in a soon-to-be former spouse. Information technology can be abused and allow digital spying during an ongoing divorce unless certain precautions are taken.
Certain forms of divorce are more complicated and expensive than others. If you and your ex have to fight over each moment of parenting time and asset division in court, that will likely require extensive planning, to say nothing of a large budget.