The decision to end a marriage is a serious, life-changing step, no matter the age or financial standing of an Ohio couple. Many couples are now choosing to divorce later in life, which brings to light the complexities of this legal process for two people over the age of 50. Each divorce is different, but a grey divorce typically comes with unique financial challenges.
In a grey divorce, it is possible that the couple has been married for most of their adult lives. Decades of accumulated marital property and retirement savings can make property division particularly complex. With a limited amount of time left to rebuild financial security after divorce, it is critical that these matters be approached with a realistic view of the future in sight.