Gray divorce" is a term describing divorcing couples who are 50 and older. Since the gray divorce rate has increased since 1990, more financial advisors are needed in negotiating the property division for many reasons.
First, dividing assets in middle age or later in life is more stressful. Second, many high-net-worth and ultra-high net worth divorcing couples have complicated marital agreements. Third, inheritances are not subject to equitable division in most U.S. states because they do not constitute marital property.
Retirement saving is another asset featured in gray divorce cases. While there are many ways to split a retirement fund, achieving a just resolution is stressful.
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